Economic Literacy and Money Illusion

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1315304465
Total Pages : 192 pages
Book Rating : 4.3/5 (153 download)

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Book Synopsis Economic Literacy and Money Illusion by : Helena Chytilova

Download or read book Economic Literacy and Money Illusion written by Helena Chytilova and published by Taylor & Francis. This book was released on 2017-07-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Money Illusion

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Author :
Publisher :
ISBN 13 : 9781258945282
Total Pages : 260 pages
Book Rating : 4.9/5 (452 download)

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Book Synopsis The Money Illusion by : Irving Fisher

Download or read book The Money Illusion written by Irving Fisher and published by . This book was released on 2013-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new release of the original 1929 edition.

The Money Illusion

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Author :
Publisher : Longmans, Green
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.:/5 (54 download)

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Book Synopsis The Money Illusion by : Irving Fisher

Download or read book The Money Illusion written by Irving Fisher and published by Longmans, Green. This book was released on 1928 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Money Illusion

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022677368X
Total Pages : 415 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis The Money Illusion by : Scott Sumner

Download or read book The Money Illusion written by Scott Sumner and published by University of Chicago Press. This book was released on 2021-09-03 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Money Illusion is George Mason University economist Scott Sumner's end-to-end case for an evolved, less discretionary approach to monetary policy, which he and his cohort have termed "market monetarism." The nominal use of "market" here is telling: Sumner argues that public confidence in central banking institutions like the Fed is central, and as critical as forecasting, to ensuring the health and stability of the economy. To achieve it, he makes a case that monetary policy should be indexed against a pre-set growth trajectory (in the form of a steadily increasing nominal GDP), not regulated ad-hoc through interpretations of short-term market changes. As Sumner tells it, the Fed is simultaneously responsible for the Great Recession and our best safeguard against having it happen again. Part of that is a responsibility to chart a course, and to do so with transparency"--

Economic Literacy

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Author :
Publisher : Crown Business
ISBN 13 : 9780517886830
Total Pages : 0 pages
Book Rating : 4.8/5 (868 download)

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Book Synopsis Economic Literacy by : Jacob De Rooy

Download or read book Economic Literacy written by Jacob De Rooy and published by Crown Business. This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains basic economics, with sections on topics such as employment, prices, households and businesses, credit, taxes, and international trade.

The Routledge Handbook of Financial Literacy

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Publisher : Taylor & Francis
ISBN 13 : 1000487830
Total Pages : 561 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Routledge Handbook of Financial Literacy by : Gianni Nicolini

Download or read book The Routledge Handbook of Financial Literacy written by Gianni Nicolini and published by Taylor & Francis. This book was released on 2021-12-30 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial literacy and financial education are not new topics, even though interest in these topics among policymakers, financial authorities, and academics continues to grow. The Routledge Handbook of Financial Literacy provides a comprehensive reference work that addresses both research perspectives and practical applications to financial education. This is the first volume to summarize the milestones of research in financial literacy from multiple perspectives to offer an overview. The book is organized into six parts. The first three parts provide a conceptual framework, which discusses what financial literacy is, how it should be measured, and explains why it represents a relevant topic and effective tool in enhancing decision-making among consumers as well as consumer protection strategies. Part IV addresses the connection between financial education and financial literacy, with chapters about financial education in school settings as well as for adults. This part includes an analysis of the role of Fintech and the use of gamification in financial education. Part V is a collection of contributions that analyze financial literacy and financial education around the world, with a focus on geographical areas including the U.S., South America, Western Europe, Eastern Europe, Asia, and Africa. This part also considers how financial literacy should be addressed in the case of Islamic finance. The concluding part of the book examines how financial literacy is related to other possible approaches to consumer finance and consumer protection, addressing the relationships between financial literacy and behavioral economics, financial well-being, and financial inclusion. This volume is an indispensable reference for scholars who are new to the topic, including undergraduate and graduate students, and for experienced researchers who wish to enrich their knowledge, policymakers seeking a broader understanding and an international perspective, and practitioners who seek knowledge of best practices as well as innovative approaches.

Financial Literacy and Stock Market Participation

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Author :
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Financial Literacy and Stock Market Participation by : Maarten van Rooij

Download or read book Financial Literacy and Stock Market Participation written by Maarten van Rooij and published by . This book was released on 2007 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals are increasingly put in charge of their financial security after retirement. Moreover, the supply of complex financial products has increased considerably over the years. However, we still have little or no information about whether individuals have the financial knowledge and skills to navigate this new financial environment. To better understand financial literacy and its relation to financial decision-making, we have devised two special modules for the DNB Household Survey. We have designed questions to measure numeracy and basic knowledge related to the working of inflation and interest rates, as well as questions to measure more advanced financial knowledge related to financial market instruments (stocks, bonds, and mutual funds). We evaluate the importance of financial literacy by studying its relation to the stock market: Are more financially knowledgeable individuals more likely to hold stocks? To assess the direction of causality, we make use of questions measuring financial knowledge before investing in the stock market. We find that, while the understanding of basic economic concepts related to inflation and interest rate compounding is far from perfect, it outperforms the limited knowledge of stocks and bonds, the concept of risk diversification, and the working of financial markets. We also find that the measurement of financial literacy is very sensitive to the wording of survey questions. This provides additional evidence for limited financial knowledge. Finally, we report evidence of an independent effect of financial literacy on stock market participation: Those who have low financial literacy are significantly less likely to invest in stocks.

Research Anthology on Personal Finance and Improving Financial Literacy

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Author :
Publisher : IGI Global
ISBN 13 : 1799881016
Total Pages : 600 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Research Anthology on Personal Finance and Improving Financial Literacy by : Management Association, Information Resources

Download or read book Research Anthology on Personal Finance and Improving Financial Literacy written by Management Association, Information Resources and published by IGI Global. This book was released on 2020-12-05 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing personal financial skills and improving financial literacy are fundamental aspects for managing money and propelling a bright financial future. Considering life events and risks that unexpectantly present themselves, especially in the light of recent global events, there is often an uncertainty associated with financial standings in unsettled times. It is important to have personal finance management to prepare for times of crisis, and personal finance is something to be thought about in everyday life. The incorporation of financial literacy for individuals is essential for a decision-making process that could affect their financial future. Having a keen understanding of beneficial and detrimental financial decisions, a plan for personal finances, and personalized goals are baselines for money management that will create stability and prosperity. In a world that is rapidly digitalized, there are new tools and technologies that have entered the sphere of finance as well that should be integrated into the conversation. The latest methods and models for improving financial literacy along with critical information on budgeting, saving, and managing spending are essential topics in today’s world. The Research Anthology on Personal Finance and Improving Financial Literacy provides readers with the latest research and developments in how to improve, understand, and utilize personal finance methodologies or services and obtain critical financial literacy. The chapters within this essential reference work will cover personal finance technologies, banking, investing, budgeting, saving, and the best practices and techniques for optimal money management. This book is ideally designed for business managers, financial consultants, entrepreneurs, auditors, economists, accountants, academicians, researchers, and students seeking current research on modern advancements and recent findings in personal finance.

Financial Literacy Education

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9460919189
Total Pages : 139 pages
Book Rating : 4.4/5 (69 download)

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Book Synopsis Financial Literacy Education by : Chris Arthur

Download or read book Financial Literacy Education written by Chris Arthur and published by Springer Science & Business Media. This book was released on 2012-10-13 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer financial literacy education often appears as a helpful, commonsense solution to neoliberalism and the individualization of responsibility for economic risk. However, in Financial Literacy Education: Neoliberalism, the Consumer and the Citizen this particular literacy is argued to be both ineffective and unjust. Socially created poverty, unemployment and economic insecurity require more than individual consumer solutions; they require collective responses by engaged, critical citizens. Utilizing concepts from Marx, Foucault, Bourdieu and Baudrillard this book challenges those who claim that ‘there is no alternative’ to neoliberal insecurity and reduce education to a consumerist training of entrepreneurial consumer-citizens who can continually invest in themselves and the market. Through an analysis of consumer fi nancial literacy education’s present and historical supports, as well as its likely effects, this book argues that the choice before us is not fi nancial illiteracy or fi nancial literacy. Rather, the choice is between subjugation to the requirements of perpetual competition or overcoming alienation, insecurity and exploitation, aims the critical fi nancial literacy education outlined at the end of this book supports. This book will appeal to those interested in understanding the conditions of our freedom in an increasingly fi nancialized world – critical educators, philosophers and sociologists of education and fi nancial literacy researchers.

The Money Illusion

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Publisher :
ISBN 13 : 9781639230976
Total Pages : 258 pages
Book Rating : 4.2/5 (39 download)

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Book Synopsis The Money Illusion by : Irving Fishe

Download or read book The Money Illusion written by Irving Fishe and published by . This book was released on 2011-02-17 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. The term was coined by John Maynard Keynes in the early twentieth century, and Irving Fisher 1928 book, The Money Illusion, is one of the most important works on the subject.

International Handbook of Financial Literacy

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Author :
Publisher : Springer
ISBN 13 : 9811003602
Total Pages : 713 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis International Handbook of Financial Literacy by : Carmela Aprea

Download or read book International Handbook of Financial Literacy written by Carmela Aprea and published by Springer. This book was released on 2016-03-24 with total page 713 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook presents in-depth research conducted on a myriad of issues within the field of financial literacy. Split into six sections, it starts by presenting prevalent conceptions of financial literacy before covering financial literacy in the policy context, the state and development of financial literacy within different countries, issues of assessment and evaluation of financial literacy, approaches to teaching financial literacy, and teacher training and teacher education in financial literacy. In doing so, it provides precise definitions of the construct of financial literacy and elaborates on the state and recent developments of financial literacy around the world, to show ways of measuring and fostering financial literacy and to give hints towards necessary and successful teacher trainings. The book also embraces the diversity in the field by revealing contrasting and conflicting views that cannot be bridged, while at the same time making a contribution by re-joining existing materials in one volume which can be used in academic discourse, in research-workshops, in university lectures and in the definition of program initiatives within the wider field of financial literacy. It allows for a landscape of financial literacy to be depicted which would foster the implementation of learning opportunities for human beings for sake of well-being within financial living-conditions. The Handbook is useful to academics and students of the topic, professionals in the sector of investment and banking, and for every person responsible for managing his or her financial affairs in everyday life.

Economy 101

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Publisher : ABDO
ISBN 13 : 153217330X
Total Pages : 115 pages
Book Rating : 4.5/5 (321 download)

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Book Synopsis Economy 101 by : Yvette LaPierre

Download or read book Economy 101 written by Yvette LaPierre and published by ABDO. This book was released on 2019-08-01 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economy 101 studies the basics of the free market economy, delving into details about economic growth, recessions, and government interventions. Readers will come away with confidence in discussing economic topics. Features include worksheets, key takeaways, a glossary, further readings, websites, source notes, and an index. Aligned to Common Core Standards and correlated to state standards. Essential Library is an imprint of Abdo Publishing, a division of ABDO.

Empire of Illusion

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Publisher : Knopf Canada
ISBN 13 : 0307398587
Total Pages : 242 pages
Book Rating : 4.3/5 (73 download)

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Book Synopsis Empire of Illusion by : Chris Hedges

Download or read book Empire of Illusion written by Chris Hedges and published by Knopf Canada. This book was released on 2009-07-28 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pulitzer prize–winner Chris Hedges charts the dramatic and disturbing rise of a post-literate society that craves fantasy, ecstasy and illusion. Chris Hedges argues that we now live in two societies: One, the minority, functions in a print-based, literate world, that can cope with complexity and can separate illusion from truth. The other, a growing majority, is retreating from a reality-based world into one of false certainty and magic. In this “other society,” serious film and theatre, as well as newspapers and books, are being pushed to the margins. In the tradition of Christopher Lasch’s The Culture of Narcissism and Neil Postman’s Amusing Ourselves to Death, Hedges navigates this culture — attending WWF contests as well as Ivy League graduation ceremonies — exposing an age of terrifying decline and heightened self-delusion.

Urbanizing the Regional Sector to Strengthen Economy and Business to Recover from Recession

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Publisher : Taylor & Francis
ISBN 13 : 100083056X
Total Pages : 336 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Urbanizing the Regional Sector to Strengthen Economy and Business to Recover from Recession by : Aulia Herdiani

Download or read book Urbanizing the Regional Sector to Strengthen Economy and Business to Recover from Recession written by Aulia Herdiani and published by Taylor & Francis. This book was released on 2022-12-07 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pandemic does not only affect health aspects but also economic aspects. The world today faces a recession resulting from the covid-19 pandemic. Indonesia's economy continues to lead to a recovery, although not very significant. The current government continues to make various recovery efforts. One of the flagship programs includes encouraging and strengthening support for social protection and increasing the purchasing power of households as well as various business sectors, including small and medium-sized micro enterprises (MSMEs). This condition urges the world to create new breakthroughs to rise from this adversity. Academicians and practitioners need to work together to find the necessary solutions and developments. Surely, it will contribute to solve the problems in society by interdisciplinary cooperation. This collaboration will create innovations in science and technology especially business and economic field. This book includes in-depth discussions between academicians and practitioners, especially on how to strengthen the regional sectors to be the strong pillars of the country’s economy. Interestingly, various methods are used to observe the problems, to explore the solutions, and to develop the innovation. This book will be of interest to students, scholars, and practitioners of social empowerment, governance, and other related stakeholders. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons [Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND)] 4.0 license. Funded by State University of Malang.

Economy

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Author :
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 921 pages
Book Rating : 4.8/5 (9 download)

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Book Synopsis Economy by : Fouad Sabry

Download or read book Economy written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-11-02 with total page 921 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Economy A region that engages in the production, distribution, and trading of commodities and services, in addition to their consumption, is referred to as an economy. In a broader sense, it is understood to be a social domain that places an emphasis on the activities, discourses, and material representations that are linked with the production, use, and management of limited resources. An economy is a set of processes, the primary factors of which include that economy's culture, values, education, technological advancement, history, social organization, political structure, legal systems, and natural resources. These variables are all intertwined. These elements provide the framework, determine the nature of the content, and provide the conditions and parameters under which an economy operates. To put it another way, the economic sphere is a social realm consisting of human acts and transactions that are interconnected with one another and do not exist in isolation. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economy Chapter 2: Capitalism Chapter 3: Economy of Ethiopia Chapter 4: Economy of Germany Chapter 5: Gross domestic product Chapter 6: Tertiary sector of the economy Chapter 7: Industrialisation Chapter 8: World economy Chapter 9: Economic system Chapter 10: Government spending Chapter 11: National accounts Chapter 12: Economy of India Chapter 13: Transition economy Chapter 14: Circular flow of income Chapter 15: Economic history of India Chapter 16: Production in economics Chapter 17: Financialization Chapter 18: Growth accounting Chapter 19: Economic liberalisation in India Chapter 20: Socialist economics Chapter 21: Macroeconomics (II) Answering the public top questions about economy. (III) Real world examples for the usage of economy in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of economy Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of economy.

Financial Literacy in Europe

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Author :
Publisher : Routledge
ISBN 13 : 0429777566
Total Pages : 284 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Financial Literacy in Europe by : Gianni Nicolini

Download or read book Financial Literacy in Europe written by Gianni Nicolini and published by Routledge. This book was released on 2019-01-23 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are people ready to take pivotal financial decisions like choosing a mortgage, saving for retirement, or investing their savings? How does the degree of knowledge about financial products and services affect the quality of their choices? Can financial fraud be prevented by increasing consumer financial knowledge? Financial Literacy in Europe addresses these important questions and more. In the first part, the author investigates the concept of financial literacy by analyzing its components and comparing different definitions from previous studies. This then forms a comprehensive measure of financial literacy to be applied in empirical studies that analyze the role of financial literacy in explaining consumers’ financial behaviors. In the second part of the study, the author uses brand new data collected by the Consumer Finance Research Center (CFRC) from several European countries (the UK, Germany, France, Italy, Sweden, and Spain) to assess financial literacy in Europe and highlight similarities and differences across countries. Filling an important gap in previous research, the author develops a rigorous approach in the measurement of financial literacy in order to examine European financial literacy issues in great detail. This book, therefore, is a useful resource for assessing the effectiveness of single financial education programs or planning national strategies on financial education. It can also support policy makers in developing financial regulation and consumer protection strategies, considering the consumer perspective and their ability to deal with financial markets and institutions.

Environmental, Social, and Governance Perspectives on Economic Development in Asia

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1801175969
Total Pages : 239 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Environmental, Social, and Governance Perspectives on Economic Development in Asia by : William A. Barnett

Download or read book Environmental, Social, and Governance Perspectives on Economic Development in Asia written by William A. Barnett and published by Emerald Group Publishing. This book was released on 2021-11-08 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia.