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, 7th Edition (style guide)

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

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

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

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

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

MLA Citation, 9th Edition (style guide)

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

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work ID5f86c922-16da-86ff-e31b-36d0b128756c-eng
Full titlemoney illusion
Authorfisher irving
Grouping Categorybook
Last Update2023-12-01 18:07:10PM
Last Indexed2024-03-28 03:37:51AM

Book Cover Information

Image Sourcehoopla
First LoadedDec 25, 2020
Last UsedAug 20, 2023

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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