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Cover: 9781617201806 | The Money Illusion | Irving Fisher | Buch | Englisch | 2011
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The Money Illusion
Buch von Irving Fisher
Sprache: Englisch

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Beschreibung
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.
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.
Details
Erscheinungsjahr: 2011
Fachbereich: Wirtschaftsratgeber
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
ISBN-13: 9781617201806
ISBN-10: 1617201804
Sprache: Englisch
Ausstattung / Beilage: HC gerader Rücken kaschiert
Einband: Gebunden
Autor: Fisher, Irving
Hersteller: Wilder Publications
Maße: 235 x 157 x 11 mm
Von/Mit: Irving Fisher
Erscheinungsdatum: 17.01.2011
Gewicht: 0,333 kg
Artikel-ID: 107109155
Details
Erscheinungsjahr: 2011
Fachbereich: Wirtschaftsratgeber
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
ISBN-13: 9781617201806
ISBN-10: 1617201804
Sprache: Englisch
Ausstattung / Beilage: HC gerader Rücken kaschiert
Einband: Gebunden
Autor: Fisher, Irving
Hersteller: Wilder Publications
Maße: 235 x 157 x 11 mm
Von/Mit: Irving Fisher
Erscheinungsdatum: 17.01.2011
Gewicht: 0,333 kg
Artikel-ID: 107109155
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