Go to MSN Homeencarta®
Dictionary
Find
in
Dictionary
Thesaurus
Translations
ABCDEFGHIJKLMNOPQRSTUVWXYZ
Click to move up the list of words
paradigm
paradigm shift
paradise
paradise duck
paradise flycatcher
parador
parados
paradox
paradox of thrift
paradoxical frog
paradoxical sleep
paradrop
paraesthesia
paraffin
paraffin oil
paraffin wax
paraformaldehyde
Click to move down the list of words
Also available:

World English Dictionary
Dictionnaire Français

paradox of thrift
par·a·dox of thrift


noun 
Definition:
 
increased savings and decreased national income: a situation in which an increase in savings causes a decline in national income as a result of a fall in aggregate demand
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
Advertisement
© 2009 Microsoft