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The economics of thrift and stockpiling

In 2019, media discussions of a no-deal Brexit spoke of food, fuel and medicine shortages. Some individuals and businesses responded by stockpiling goods in preparation. In this article, Helen Paul explores the idea of stockpiling and its economic effects.

stockpiling, resource allocation, supply and demand, elasticity, equilibrium, paradox of thrift

During the summer of 2019, the topic of stockpiling was often in the news due to uncertainties surrounding Brexit. British people were apparently buying up supplies and businesses hoarding materials as part of their planning for the possible downsides of a no-deal Brexit.

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Previous

Measuring income inequality

Next

Mary Paley: an early champion of women in economics

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