The Money Illusion by Irving Fisher

Reviewed by Maytham Abdulraheem, Graduate Student in Economics

It`s fascinating how some books never get old and stay relevant even more than half a century after they were published. The Money Illusion is definitely one of those books. The message of the book is important as it is simple: people should think of money in real terms (i.e taking the effect of inflation into account) rather than the illusion of nominal terms.