The Money Illusion

By:

Irving Fisher

Format:

Paperback / softback

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Description

In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. This is a fallacy 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, and Irving Fisher book, The Money Illusion, is one of the most important works on the subject.

Release date NZ

September 28th, 2009

Author

Irving Fisher

Audience

General (US: Trade)

Pages

248

Dimensions

152x229x14

ISBN-13

9781607961833

Product ID

3820045

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