The Money Illusion

Business & Finance, Finance & Investing, Banks & Banking, Management & Leadership, Decision Making & Problem Solving
Cover of the book The Money Illusion by Irving Fisher, Wilder Publications, Inc.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Irving Fisher ISBN: 9781627559515
Publisher: Wilder Publications, Inc. Publication: June 10, 2015
Imprint: Wilder Publications Language: English
Author: Irving Fisher
ISBN: 9781627559515
Publisher: Wilder Publications, Inc.
Publication: June 10, 2015
Imprint: Wilder Publications
Language: English

In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes in the early twentieth century. Almost every one is subject to the "Money Illusion" in respect to his own country's currency. This seems to him to be stationary while the money of other countries seems to change. It may seem strange but it is true that we see the rise or fall of foreign money better than we see that of our own.-Irving Fisher

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes in the early twentieth century. Almost every one is subject to the "Money Illusion" in respect to his own country's currency. This seems to him to be stationary while the money of other countries seems to change. It may seem strange but it is true that we see the rise or fall of foreign money better than we see that of our own.-Irving Fisher

More books from Wilder Publications, Inc.

Cover of the book Now We Are Three by Irving Fisher
Cover of the book The Amazing Mrs. Mimms by Irving Fisher
Cover of the book Turning Point by Irving Fisher
Cover of the book PRoblem by Irving Fisher
Cover of the book Breaking into Fast Company by Irving Fisher
Cover of the book The Very Secret Agent by Irving Fisher
Cover of the book The Iliad and The Odyssey by Irving Fisher
Cover of the book Spoken For by Irving Fisher
Cover of the book Life Power and How to Use It by Irving Fisher
Cover of the book A Creed of the Open Road by Irving Fisher
Cover of the book The Histories Book 3 by Irving Fisher
Cover of the book Dumbwaiter by Irving Fisher
Cover of the book Foundling on Venus by Irving Fisher
Cover of the book Four Arthurian Romances by Irving Fisher
Cover of the book The Marvellous History of King Arthur in Avalon and of the Lifting of Lyonnesse by Irving Fisher
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy