The money illusion / / Irving Fisher

• Autore: Fisher Irving
• Pubblicazione: [Lanham, Maryland] : , : Dancing Unicorn Books, , 2016; ©2016
• Descrizione fisica: 1 online resource (103 p.)
• Disciplina: 332.4
• Soggetto topico: Money
• Note generali: Description based upon print version of record.
• Nota di contenuto: Preface; Chapter I: a Glance at the Money Illusion; Introduction; The Money Illusion Within Your Country; When Two Countries Compare Notes; The Money Illusion in America; Application to Investors; Is Gold Stable?; Conclusion; Chapter II: Extent of Money Fluctuation; The Index Number; Fluctuations in Europe; Fluctuations in America; Different Indexes Agree; Comments; Chapter III: Why Does Money Fluctuate?; Circulation of Money and Goods; Relative Inflation and Deflation; Real Income; The Two Circulations per Capita; Absolute Inflation and Deflation; Money Dominates; Ten American Examples ; A Forgotten Supply and DemandIndividual and General Price Movements; How Inflation and Deflation Work; Causes Behind Inflation or Deflation; Summary; Chapter IV: The Direct Harm from Inflation and Deflation; Money More Variable than Goods; "Merely" a Bookkeeping Change; Injustice Between Debtor and Creditor; European Examples; American Examples; American Bonds and Mortgages; Real Interest and Money Interest; The American Farmer; "Safe" Investments by Trustees; "Who Got the Money?"; The War Debts; Salaries and Wages; The Extent of this Social Injustice; Gambling in Gold Mines ; Chapter V: The Indirect Harm from Inflation and DeflationUnstable Money-Unstable Business; Unstable Money-Unstable Employment; The Interests of Labor; Social Discontent; Labor Troubles; Always a Net Loss; Conclusion; Chapter VI: What Can We Do Ourselves?; Can Anything at All Be Done?; Translating the Dollar; Forecasting Business; Forecasting the Dollar's Value; Investment Counsel; Contracting Out; The Tabular Standard; War-Time Examples; Peace-Time Examples; Summary; Chapter VII: What Can Banks Do?; Introduction; The Beginnings of Scientific Control ; The Activities of the Federal Reserve SystemThe Importance of Credit Control for America; International Co-Operation; The International Influence of the Federal Reserve System; Chapter VIII: What Can Governments Do?; Return to the Gold Standard; Three Ways to Return to Gold; The Pre-War "Normals"; What Is the Normal Level?; The Problem International; The Future Gold Problem; The Danger of Neglect; The "Automatic" Gold Standard; The Gold Tradition; The Fixed Weight Fetish; Putting off the Solution; Possible Solutions of the Gold Problem; The Government's Responsibility; Summary; Conclusion ; Supplement-Helps for Further StudySection I; Section II; Section III; Section IV
• Sommario/riassunto: 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
• Titolo autorizzato: Money illusion
• ISBN: 1-5154-1000-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910136510103321
• Lo trovi qui: Univ. Federico II