The Money Illusion.
Irving Fisher's Classic The Money Illusion
The Money Illusion.
FISHER, Irving.
Item Number: 142312
New York: Alephi Company, 1928.
First edition, second printing of Fisher’s classic treatise on money. Octavo, original cloth. In very good condition.
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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