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The Money Illusion
(eBook)

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Published
Wilder Publications, Inc., 2015.
Status
Available Online
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Format
eBook
Language
English
ISBN
9781627559515
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Citations
APA Citation (style guide)

Irving Fisher., & Irving Fisher|AUTHOR. (2015). The Money Illusion. Wilder Publications, Inc.

Chicago / Turabian - Author Date Citation (style guide)

Irving Fisher and Irving Fisher|AUTHOR. 2015. The Money Illusion. Wilder Publications, Inc.

Chicago / Turabian - Humanities Citation (style guide)

Irving Fisher and Irving Fisher|AUTHOR, The Money Illusion. Wilder Publications, Inc, 2015.

MLA Citation (style guide)

Irving Fisher, and Irving Fisher|AUTHOR. The Money Illusion. Wilder Publications, Inc, 2015. Web.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Grouped Work ID5f86c922-16da-86ff-e31b-36d0b128756c
Full titlemoney illusion
Authorfisher irving
Grouping Categorybook
Last Update2019-09-03 13:40:30PM
Last Indexed2020-07-30 04:42:35AM

Book Cover Information

Image Sourcehoopla
First LoadedJan 7, 2020
Last UsedApr 22, 2020

Hoopla Extract Information

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    [synopsis] => 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
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