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…
Why read it?
1 author picked The Money Illusion as one of their favorite books. Why do they recommend it?
I like this book especially due to its ability to illustrate money illusion in a very unconventional context.
Normally, money illusion means that people take nominal variables as proxy for real variables, which leads to suboptimal choice having real effects on the economy and affecting business cycle.
However, to my great surprise this book claims that even economic experts might suffer from some kind of money illusion, because they tend to misinterpret what is happening in the monetary system. This offers a very interesting explanation of recession and suggests that economists have not targeted adequate variables.
Unconventional suggestion to practice…
From Helena's list on economic reads about money illusion.
If you love The Money Illusion...
The Rosewood Penny
2023 Queer Indie Award Nominee!
The dragons of Yuro have been hunted to extinction.
On a small, isolated island, in a reclusive forest, lives bandit leader Marani and her brother Jacks. With their outlaw band they rob from the rich to feed themselves, raiding carriages and dodging the occasional vindictive…
Want books like The Money Illusion?
Our community of 12,000+ authors has personally recommended 65 books like The Money Illusion.
Share your top 3 reads of 2025!
And get a beautiful page showing off your 3 favorite reads.
1,343
readers submitted
so far, will you?
📚 If you like The Money Illusion, you might also like...
Portrait of an Artist as a Young Woman
Kate from Jules et Jim meets I Love Dick.
A young woman filmmaker’s journey of self-discovery, set against a backdrop of the sexual liberation movement of the 1970s and 1980s. In Portrait of an Artist as a Young Woman, we follow Ana Fried as she faces the ultimate…
Malcolm Before X
Malcolm Before X is about finding a way to continue moving forward after everything has been taken from you. While in prison, Malcolm Little discovered the power of reading and found a way to transform his character and become a better man. This half-biography focuses on that transformation, especially his…
