c249.

David Fleming
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An increase in the desire to save can ultimately lead to a decrease in the realised level of savings: William H. Branson (1979), Macroeconomic Theory and Policy, p 40. The Paradox of Thrift is discussed at length in Paul A. Samuelson (1964), Economics, and in David Begg, Stanley Fischer and Rüdiger Dornbusch (1984), Economics. It was also stated in John Maynard Keynes (1936), The General Theory of Employment, Interest and Money, chapter 7, p 84 and by Bernard Mandeville (1714), The Fable of the Bees. The insight is not new. It appears, for instance, in Proverbs, 11:24–25.

David Fleming
Dr David Fleming (2 January 1940 – 29 November 2010) was a cultural historian and economist, based in London, England. He was among the first to reveal the possibility of peak oil's approach and invented the influential TEQs scheme, designed to address this and climate change. He was also a pioneer of post-growth economics, and a significant figure in the development of the UK Green Party, the Transition Towns movement and the New Economics Foundation, as well as a Chairman of the Soil Association. His wide-ranging independent analysis culminated in two critically acclaimed books, 'Lean Logic' and 'Surviving the Future', published posthumously in 2016. These in turn inspired the 2020 launches of both BAFTA-winning director Peter Armstrong's feature film about Fleming's perspective and legacy - 'The Sequel: What Will Follow Our Troubled Civilisation?' - and Sterling College's unique 'Surviving the Future: Conversations for Our Time' online courses. For more information on all of the above, including Lean Logic, click the little globe below!

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