The Money Illusion - Hardcover
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Language:EnglishPublisher:Start ClassicsISBN-13:9798880918225UPC:9798880918225Book Category:Business & EconomicsBook Subcategory:Banks & Banking, Finance, Money & Monetary PolicySize:9.00 x 6.00 x 0.44 inchesWeight:0.7606Product ID:SC9RSH4E18
The Money Illusion
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...
Language:EnglishPublisher:Start ClassicsISBN-13:9798880918225UPC:9798880918225Book Category:Business & EconomicsBook Subcategory:Banks & Banking, Finance, Money & Monetary PolicySize:9.00 x 6.00 x 0.44 inchesWeight:0.7606Product ID:SC9RSH4E18
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