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The Money Illusion

4.03  ·  Rating details ·  60 ratings  ·  14 reviews
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. 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 ...more
Hardcover, 264 pages
Published July 25th 2007 by Kessinger Publishing (first published 1928)
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Apr 17, 2015 rated it really liked it
This quick read was written by Irving Fisher in the 1920's prior to the Crash.

Intended to inform the public about the danger of thinking that a dollar is something fixed, this book describes inflation and deflation in a clear, understandable way. Fisher was not a gold bug and writes, quite rightly, that there is no magic in gold, it fluctuates in value like anything else.

The only way to properly assess value is to price a selection of commonly purchased items to create an index that can be
Pedro Jorge
Aug 17, 2015 rated it it was ok  ·  review of another edition
Shelves: library
good: shows that sometimes having more money is an illusion as the prices of goods rise even higher.

bad: provides the grounds for the theories of stabilizing the price level, which are most to blame for our current situation world-wide
David Fernandes
Aug 05, 2015 rated it really liked it  ·  review of another edition
Irving Fisher, atormentado pela indiferença dos seus contemporâneos, escreveu este manifesto científico sobre a Moeda e sua natureza. Os cidadãos, as empresas e os próprios Estado gerem o presente e preparam o futuro com base numa mercadoria, a que chamam Moeda, que tanto pode ser areia como pode ser ouro, dependendo de caprichos cíclicos aparentemente insondáveis. Noventa anos depois, uma obra que se mantém atual no mundo dos Bancos Centrais e suas impressoras.
Aug 11, 2016 rated it really liked it
This started out so basic that I considered quitting. He gets more technical as the text progresses. I think this would be most interesting for people interested in the history of monetary theory. So, I enjoyed it, but I can't think of anyone off the top of my head to whom I would recommend it.
Sep 09, 2018 rated it liked it  ·  review of another edition

First of all, this book is a short history lesson. Basically, everything in this book its involved around World War I and time before the war, and short period after the war. Only thing, in my opinion, that could be applied for todays time, is that people still dont understand the thing that Irving had written in his book, and that is Inflation and Deflation of the money.

Like Ive mention in previous section, this book is all about Inflation and Deflation
Tianhang Hu
Oct 30, 2017 rated it it was amazing  ·  review of another edition
Very revealing book...although some on of the discussions regarding the gold bullion and the gold standard seem to be outdated, it remains a problem for readers to find out how the monetary system has evolved in the last ~100 years. Now most of the countries have adopted a fiat currency. I really need to fill the gap (through some economic history books) between the transformation from Fisher's era to our current era.
Aug 08, 2018 marked it as to-keep-reference  ·  review of another edition
Entiendo que es uno de los primeros en hablar de Ilusión Monetaria.
Comentado en Animal Spirits
Sep 24, 2018 rated it it was amazing
Shelves: biblioteca
A landmark book for any economist.
Mar 22, 2017 rated it really liked it
Must have been an impactful book when it was released. Some of the lessons do not seem relevant anymore, but has a good basic analysis of inflation and deflation. Recommended for everyone that proposes a return to a gold standard.
Jul 18, 2013 rated it it was amazing
what gives this book (which is based on lectures given in the summer of 1927 before the Geneva school of International Studies) the taste it has is Irvings linguistic strengths, knowledge and good faith.
usually books about economics are very dry, language of the numbers, a lifeless emotionless books that talks about a dry subject for those who are not intrigued by economics, but somehow, Irving Fisher managed to make this book a one of a kind, I can say that this is a great literature amazingly
Gregg Wingo
Sep 29, 2013 rated it it was amazing
This book represents Fisher's seminal work on money and his recognition as the father of the economic school of Monetarism. In "The Money Illusion" he lays out the nature of money in a modern society and speaks to the false security of gold or any other standard to the "value" of money. He explains clearly the effects of deflation and inflation on currencies and emphasizes the importance of government and their monetary authorities in acting to stabilize their effects through responsible ...more
Sep 18, 2011 rated it really liked it
Irving Fisher may be better remembered for some highly mistaken predictions of good times just before the market crash in 1929. Yet his was a life that well demonstrated the economist's caution: If you make predictions, be certain they outlive you. Irving Fisher despite all the derision he suffered was a shrewd analyst of how money disguises how money as a denominator of value conceals the important reality of economic life.

Not great reading as lectures seldom are. This small pamphlet-like book,
Asade Tolu
Jul 10, 2016 rated it it was amazing
An old classic with the most simplest of explanation into the very complex matters of: inflation, deflation, falling store of value as it pertains to money. It might be old but very, very useful.
Mar 01, 2013 rated it it was amazing  ·  review of another edition
Shelves: اقتصاد
if you need to know the real meaning of inflation

read this book
Iikka Virkkunen
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Irving Fisher was an American economist, inventor, and social campaigner. He was one of the earliest American neoclassical economists, though his later work on debt deflation has been embraced by the Post-Keynesian school.
Fisher made important contributions to utility theory and general equilibrium. He was also a pioneer in the rigurous study of intertemporal choice in markets, which led him to

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