Irving Fisher Signed 1929 The Money Illusion Value of Fiat Currency Hardcover

Description: Hardcover. 8vo. Published by The Adelphi Company, New York. 1929. xv, 245 pgs. Illustrated with graphs. Signed simply as "A Gift From the Author" on the FFEP. Third Printing. Ex-library with spine number present to the spine. Bound in green cloth with black titles present to the spine. Boards have light shelfwear present. No ownership marks present. Text is clean and free of marks. Binding tight and solid. In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. This is a fallacy 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. Irving Fisher Signed 1929 The Money Illusion Value of Fiat Currency Hardcover Click images to enlarge Description Up For Sale Today is The Money Illusion by Irving Fisher Hardcover. 8vo. Published by The Adelphi Company, New York. 1929. xv, 245 pgs. Illustrated with graphs. Signed simply as "A Gift From the Author" on the FFEP. Third Printing. Ex-library with spine number present to the spine. Bound in green cloth with black titles present to the spine. Boards have light shelfwear present. No ownership marks present. Text is clean and free of marks. Binding tight and solid In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. This is a fallacy 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. FROM WIKIPEDIA: Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, and Progressive 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. Joseph Schumpeter described him as "the greatest economist the United States has ever produced", an assessment later repeated by James Tobin and Milton Friedman. Fisher made important contributions to utility theory and general equilibrium. He was also a pioneer in the rigorous study of intertemporal choice in markets, which led him to develop a theory of capital and interest rates. His research on the quantity theory of money inaugurated the school of macroeconomic thought known as "monetarism." Fisher was also a pioneer of econometrics, including the development of index numbers. Some concepts named after him include the Fisher equation, the Fisher hypothesis, the international Fisher effect, and the Fisher separation theorem. Fisher was perhaps the first celebrity economist, but his reputation during his lifetime was irreparably harmed by his public statements, just prior to the Wall Street Crash of 1929, claiming that the stock market had reached "a permanently high plateau". His subsequent theory of debt deflation as an explanation of the Great Depression, as well as his advocacy of full-reserve banking and alternative currencies, were largely ignored in favor of the work of John Maynard Keynes. Fisher's reputation has since recovered in neoclassical economics, particularly after his work was rediscovered in the late 1950s, and more widely due to an increased interest in debt deflation after the late-2000s recession. OUR MISSION STATEMENT: Our goal is to provide the best books for the lowest prices. We understand that you have more choices than ever to buy books, so we strive to provide the best service, accurate descriptions, the cheapest shipping and the best customer service in the realm of bookselling. Thank you for visiting this listing and we hope to see you again soon! Book formats and corresponding sizes Name Abbreviations Leaves Pages Approximate cover size (width × height) inches cm folio 2º or fo 2 4 12 × 19 30.5 × 48 quarto 4º or 4to 4 8 9½ × 12 24 × 30.5 octavo 8º or 8vo 8 16 6 × 9 15 × 23 duodecimo or twelvemo 12º or 12mo 12 24 5 × 7⅜ 12.5 × 19 sextodecimo or sixteenmo 16º or 16mo 16 32 4 × 6¾ 10 × 17 octodecimo or eighteenmo 18º or 18mo 18 36 4 × 6½ 10 × 16.5 trigesimo-secundo or thirty-twomo 32º or 32mo 32 64 3½ × 5½ 9 × 14 quadragesimo-octavo or forty-eightmo 48º or 48mo 48 96 2½ × 4 6.5 × 10 sexagesimo-quarto or sixty-fourmo 64º or 64mo 64 128 2 × 3 5 × 7.5 ALL ITEMS ARE DESCRIBED TO THE BEST OF MY ABILITY! PLEASE CHECK ALL THE PHOTOS BEFORE BIDDING! PAYMENT IS DUE WITHIN FOUR (4) DAYS OF THE INVOICE! Import duties, taxes and charges are not included in the item price. These charges are the buyer's responsibility. Please check with your country's customs office to determine what these additional costs will be prior to bidding/buying. 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Price: 1500 USD

Location: Charlottesville, Virginia

End Time: 2024-11-30T04:19:34.000Z

Shipping Cost: 5.99 USD