Archivio Istituzionale della RicercaThe Gresham’s Law is among the most known laws of economic science. In its popular version, the law is telling that when a government overvalues one type of money and undervalues another, the undervalued money disappears while the overvalued money floods into circulation. Named after Thomas Gresham, a financier of Tudor dynasty, this law was stated by Nicole Oresme and Nicolaus Copernicus. Here we discuss it and follow its long history.
Some Notes on the Gresham’s Law of Money Circulation / Sparavigna, Amelia Carolina. - In: INTERNATIONAL JOURNAL OF SCIENCES. - ISSN 2305-3925. - STAMPA. - 3:2(2014), pp. 80-91. [10.18483/ijSci.417]
Some Notes on the Gresham’s Law of Money Circulation
SPARAVIGNA, Amelia Carolina
2014
Abstract
The Gresham’s Law is among the most known laws of economic science. In its popular version, the law is telling that when a government overvalues one type of money and undervalues another, the undervalued money disappears while the overvalued money floods into circulation. Named after Thomas Gresham, a financier of Tudor dynasty, this law was stated by Nicole Oresme and Nicolaus Copernicus. Here we discuss it and follow its long history.
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