Synopsis "The Money Illusion"
The Money Illusion is a book written by Irving Fisher, a renowned economist, in 1928. The book explores the concept of money illusion, which refers to the tendency of people to focus on nominal values of money rather than real values. Fisher argues that people often mistake changes in nominal values for changes in real values, leading to economic misunderstandings and policy errors.In the book, Fisher discusses various examples of money illusion, including the impact of inflation on wages and prices, the effects of changes in exchange rates on trade, and the role of interest rates in investment decisions. He also examines the historical context of money illusion, including the aftermath of World War I and the Great Depression.The Money Illusion offers insights into the behavior of individuals, businesses, and governments in relation to money and finance. Fisher's analysis provides a framework for understanding economic phenomena and offers practical solutions for policymakers and investors. The book remains a classic in the field of economics and is still relevant today.This is a new release of the original 1929 edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
