The Money Illusion

The Money Illusion is a book written by renowned economist Irving Fisher. The book was first published in 1928 and was revised and updated in 1930. The central theme of the book is the concept of the money illusion, which refers to the tendency of people to focus on nominal values rather than real values. Fisher argues that people often make economic decisions based on the nominal value of money, rather than its real value, which can lead to economic instability and inflation.The book is divided into three parts. The first part provides an overview of the money illusion and its impact on the economy. The second part focuses on the causes and consequences of inflation, and the third part discusses potential solutions to the problem of the money illusion.Throughout the book, Fisher uses real-world examples to illustrate his points and provides a detailed analysis of economic data to support his arguments. He also offers suggestions for policymakers and individuals to help reduce the impact of the money illusion on the economy.Overall, The Money Illusion is a thought-provoking and insightful book that provides a unique perspective on the role of money in the economy. It is a must-read for anyone interested in economics, finance, and monetary policy.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.