The Money Illusion PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Money Illusion PDF full book. Access full book title The Money Illusion by Scott Sumner. Download full books in PDF and EPUB format.
Author: Scott Sumner
Publisher: University of Chicago Press
ISBN: 0226826562
Category : Business & Economics
Languages : en
Pages : 415
Get Book
Book Description
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
Author: Scott Sumner
Publisher: University of Chicago Press
ISBN: 0226826562
Category : Business & Economics
Languages : en
Pages : 415
Get Book
Book Description
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
Author: Irving Fisher
Publisher: Longmans, Green
ISBN:
Category : Currency question
Languages : en
Pages : 272
Get Book
Book Description
Author: Kyle Cease
Publisher: Hay House, Inc
ISBN: 1401957463
Category : Business & Economics
Languages : en
Pages : 193
Get Book
Book Description
New York Times best-selling author and comedian-turned-motivational speaker, Kyle Cease, shows how your obsession with money is actually preventing you from living the life of your dreams. "I can't afford that." "Now's not the right time . . . I need to save up." "Quit my job? Are you nuts?!" Sound familiar? Money is one of the biggest excuses we make to not go after what we really want. Our fixation with money--the desire for more of it, and the fear of not having enough of it--is often really just a longing to feel safe. But this obsession with money is coming at a much bigger cost: our sanity, our creativity, our freedom, and our ability to step into our true power. This book is about eliminating the need to seek safety through the illusion of money, and learning to see ourselves for the perfection that we are--so that we can bring our gifts to the world in an authentic way, and allow ourselves to receive massive, true abundance as a result. Kyle Cease has heard excuses like the ones above countless times at his live events, and he has shown people how to completely break through them. In The Illusion of Money, he shares his own experiences as well as practical tools to help readers understand their ingrained beliefs and attachments to money, and how they can tap into our infinite assets and talents. "After 25 years as a successful comedian, actor, transformational speaker, author and junior-league amateur bowler, I've experienced many times how chasing money is not an effective way to create an abundant and fulfilling life. The most alive I've ever felt was after I left my comedy career at its peak to become a transformational speaker. I left tons of guaranteed money and so-called security for a complete unknown. It was terrifying--but what was on the other side of that terror was a completely different life that is not only more abundant financially, but has more freedom, more ease, more passion, more impact and more joy." -- Kyle Cease
Author: Mike Nickerson
Publisher: New Society Publishers
ISBN: 9781550924411
Category : Business & Economics
Languages : en
Pages : 464
Get Book
Book Description
In recent years, unchecked growth has brought us to the brink of economic and environmental collapse. Life, Money & Illusion was inspired by the dilemma of having an economic structure that has to grow to remain healthy, while facing the finite limits of our planet. This revised and updated edition launches a review of economic expansion. It examines how growth came to be a goal and how that goal, though once beneficial, is now the propellant for catastrophe. Then, by showing how the economy can be restructured to remain within planetary limits, it points the way to a sustainable future. Life, Money & Illusion advocates change by shifting the dominant economic paradigm from growth to sustainability. Techniques include: Measuring progress with social and environmental indicators, along with economic ones Encouraging investment in community Practical changes, such as full cost accounting, tax shifting, and monetary reform Honoring the Golden Rule instead of the Rule of Gold Focusing more on living than on stuff An engaging and empowering vision of a future that celebrates humanity's extraordinary ability to adapt and evolve, Life, Money & Illusion will appeal to social activists, business people, students, environmentalists, financial planners, economists, parents, grandparents, and anyone else with a stake in the future. Mike Nickerson is an educator and the author of three books on sustainability. He helped draft the Canada Well-Being Measurement Act and lives in Ontario, Canada.
Author: Helena Chytilova
Publisher: Routledge
ISBN: 1315304457
Category : Business & Economics
Languages : en
Pages : 210
Get Book
Book Description
The concept of money illusion, a recently resurrected phenomenon of behavioral economics, is a real fact of economic life, the potential role of which should no longer be dismissed. Despite money illusion being utterly suppressed by mainstream economists, small deviations from rationality, together with trends in behavioral economics, alleviate the denial of money illusion induced by the rational expectations revolution. This book argues that money illusion seems to be a ubiquitous phenomenon, affecting various areas such as financial markets, housing markets, labor markets, consumption-saving decisions, and even development at the aggregate level induced by coordination issues. Furthermore, in light of the educational efforts of central banks and other institutions, it is worth considering whether solid economic training would provide guidance for the public regarding their decision-making and thereby alleviate the effects of money illusion. The emerging field of experimental economics provides a unique opportunity for us to verify the presence of money illusion. Specifically, attention is devoted to the experimental investigation of reduction in the direct and indirect effects of money illusion with respect to the level of economic literacy acquired through economic education. Economic Literacy and Money Illusion will be of interest to the general audience and to those who are interested in behavioral economics, economics education, and experimental economics, as well as to policy makers and institutions. Last but not least, it will help develop students’ interest in alternative economic theories. NB. The research and writing of this book was made possible with the support of the University of Economics, Prague, Faculty of Economics, Department of Economics.
Author: Marc Faber
Publisher:
ISBN: 9780582999046
Category : Business cycles
Languages : en
Pages : 507
Get Book
Book Description
Author: Michael Hoffman
Publisher:
ISBN: 9781689839242
Category :
Languages : en
Pages : 328
Get Book
Book Description
This is the book that some Austrian economists don't want you to read. It's the calm before the storm. The next recession is coming, and the Austrians must be prepared. Since 2009, their forecasts of imminent collapse and hyperinflation have fallen on deaf ears, and for good reason. These predictions were premature and too short-sighted despite being based on a valid business cycle theory. Who's to blame for the next crisis? The Federal Reserve? Fractional reserve banking? The typical Austrian answer is both. Each creates the scourge known as inflation, and this begins the boom and bust cycle. But something is missing from this broader Austrian perspective: kaleidics. Without appreciating the complex nature of money and how it can unleash a devastating deflationary rot on our economy, some free market economists are willing to throw the baby out with the bath water. This book aims to right these wrongs of the Austrian past by taking the best of the tradition and combining it with new and important insights. Aspiring scholars can use this original contribution to advance the Austrian school beyond what Mises and Rothbard had envisioned. In his debut book, Monetary Kaleidics, author Michael Hoffman explores questions including: Why the Austrian school has stagnated in the last decade and how it can recapture the prestige it had during the marginal revolution. How to profit from negative interest rates in the War on Cash with an alternative understanding of Gresham's law. What entrenched wages are and why they matter in a free market. Why monetary disequilibrium theory is important to the future of the Austrian movement. How a local currency can help alleviate unemployment during a recession and enhance the price mechanism. Question everything. What we need is a new path. A different vision. The old doctrines have gotten us this far, but economics and money are not so easy to understand. This new contribution to the Austrian tradition will help you see through the money illusion into a complex world that's in constant flux; just like a kaleidoscope.
Author: Gary Belsky
Publisher: Simon and Schuster
ISBN: 1439169748
Category : Business & Economics
Languages : en
Pages : 343
Get Book
Book Description
Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities. In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don’t get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can’t sock away as much as they’d like, and why so many of us can’t control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year. Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.
Author: Scott B. Sumner
Publisher:
ISBN: 9781598131505
Category : Business & Economics
Languages : en
Pages : 0
Get Book
Book Description
Economic historians have made great progress in unraveling the causes of the Great Depression, but not until Scott Sumner came along has anyone explained the multitude of twists and turns the economy took. In The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression, Sumner offers his magnum opus--the first book to comprehensively explain both monetary and non-monetary causes of that cataclysm. Drawing on financial market data and contemporaneous news stories, Sumner shows that the Great Depression is ultimately a story of incredibly bad policymaking--by central bankers, legislators, and two presidents--especially mistakes related to monetary policy and wage rates. He also shows that macroeconomic thought has long been captive to a false narrative that continues to misguide policymakers in their quixotic quest to promote robust and sustainable economic growth. The Midas Paradox is a landmark treatise that solves mysteries that have long perplexed economic historians, and corrects misconceptions about the true causes, consequences, and cures of macroeconomic instability. Like Milton Friedman and Anna J. Schwartz's A Monetary History of the United States, 1867-1960, it is one of those rare books destined to shape all future research on the subject.
Author: Sebastian Edwards
Publisher: Princeton University Press
ISBN: 0691196044
Category : Business & Economics
Languages : en
Pages : 288
Get Book
Book Description
The untold story of how FDR did the unthinkable to save the American economy.
