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    The Money Illusion

    ISBN-10: 1607961830
    ISBN-13: 9781607961833
    Author(s): Irving Fisher
    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  More...
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    List Price: $9.99
    Publisher: WWW.Snowballpublishing.com
    Binding: Paperback
    Pages: 248
    Size: 5.51" wide x 59.84" long x 90.16" tall
    Weight: 807.400
    Language: English

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

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