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248 pages • first pub 1928 (editions)
ISBN/UID: 9781607961833
Format: Paperback
Language: English
Publisher: WWW.Snowballpublishing.com
Publication date: 28 September 2009
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 exc...
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248 pages • first pub 1928 (editions)
ISBN/UID: 9781607961833
Format: Paperback
Language: English
Publisher: WWW.Snowballpublishing.com
Publication date: 28 September 2009
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 exc...