Articles liés à The Money Illusion - A Classic Exploration of Inflation,...

The Money Illusion - A Classic Exploration of Inflation, Deflation, and the Role of Money in the Economy - Couverture souple

Fisher, Irving

 
9781617201790: The Money Illusion - A Classic Exploration of Inflation, Deflation, and the Role of Money in the Economy
Couverture souple
ISBN 10 : 1617201790 ISBN 13 : 9781617201790
Editeur : Wilder Publications, 2011

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 Wilder Publications is a green publisher. All of our books are printed to order. This reduces waste and helps us keep prices low while greatly reducing our impact on the environment.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Irving Fisher (1867-1947) was one of America's most influential economists and a leading figure in the development of modern monetary theory. A professor at Yale University, he made significant contributions to the study of prices, interest rates, capital, and economic measurement.Fisher wrote extensively on economics, statistics, public health, and social reform. His works, including The Purchasing Power of Money and The Theory of Interest, helped establish foundations of twentieth-century economic thought, and his ideas continue to influence economists and policymakers today.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Wilder Publications
Date d'édition
2011
Langue
anglais
ISBN 10 
1617201790
ISBN 13 
9781617201790
Reliure
Broché
Nombre de pages
116
Coordonnées du fabricant
non disponible
Personne responsable
gpsr@libri.de
gpsr@libri.de

Europaallee 1
Bad Hersfeld
36244
Allemagne