Who coined the concept of ldquo Paradox of Thrift rdquo ........

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Who coined the concept of “Paradox of Thrift”?

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CAPF 2019 Paper-1

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Adam Smith

Alfred Marshall

John Maynard Keynes

Paul A. Samuelson

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Explanation:

The concept of “Paradox of Thrift” was popularized by British economist John Maynard Keynes. The concept describes that individual usually try to save more during the economic recession, and it will lead to a fall in aggregate demands. This will further create a fall in economic growth.

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