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Money Illusion by Irving Fishe

Money Illusion

by Irving Fishe
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Book cover type: Hardcover
  • ISBN13: 9781639233601
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Lushena Books Inc
  • Publisher Imprint: Lushena Books Inc
  • Publication Date:
  • Pages: 258
  • Original Price: USD 37.0
  • Language: English
  • Edition: N/A
  • Item Weight: 445 grams
  • BISAC Subject(s): General

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 1928 book, The Money Illusion, is one of the most important works on the subject.

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