Ballerina Lydia Lopokova [1892-1981] and her husband, economist John Maynard Keynes [1883-1946]. Story behind the dancing here.
Attempts by consumers to do the right thing by saving more can leave everyone worse off; if consumers cut their spending, and nothing else takes the place of that spending, the economy will slide into a recession, reducing everyone’s income.
- Paul Krugman [born 1953] explaining a concept propounded by John Maynard Keynes
