Books

Hardcover. 8vo. Published by The Adelphi Company, New York. 1928. 245 pgs. Illustrated with graphs. First Edition/First Printing. 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. EB; 7.6 X 5.3 X 1.3 inches; 245 pages.