The Money Illusion by Irving Fisher

The Money Illusion

Irving Fisher

116 pages first pub 1928 (editions)

nonfiction economics informative slow-paced
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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 fa...

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