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Gresham's law

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two coins in circulation containing metal of different value, which are accepted by law as having similar face value, the more valuable coin based on the inherent value of its component metals will gradually disappear from circulation.

History, History of the concept & Reverse of Gresham's law (Thiers' law)

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History of the concept

AristophanesThe FrogsYuan dynastyYeh ShihYuan Hsieh
22 related topics

Reverse of Gresham's law (Thiers' law)

Adolphe ThiersRobert MundellAustrian economistHans-Hermann HoppeEconomy, Society, and History
16 related topics

"Good money" and "bad money"

Precious metalsGoldSilverPrice spreadSeigniorage
14 related topics

Analogies in other fields

Spiro AgnewNews mediaRace to the bottomGregory BatesonSocial change
14 related topics

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Overview

"Good money" and "bad money"

Theory

History of the concept

Reverse of Gresham's law (Thiers' law)

Analogies in other fields

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Gresham's law

Nodes91
Edges90
Triples97
Avg. degree1.98
Density0.021978
Components1

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Gresham's law

Top relations

related to References · 60
Gresham's law → Angus, Armitage, Basic Science, Basingstoke, Bernholz, Brookings Institution Press, Bush, Coinage, Copernicus, Director, Dollarization, Duke University Press, Durham, Endless Frontier, Finance, Georgia, Gersbach, Gresham, Gresham's Fallacy, Hans
related to Reverse of Gresham's law (Thiers' law) · 16
Gresham's law → Adolphe Thiers, Austrian, Bad, Economy, French, Gresham's, Hans-Hermann Hoppe, History Hoppe, In, Nobel Prize, Peter Bernholz, Robert Mundell, Society, The, Thiers, Thiers' Law
related to External links · 9
Gresham's law → February, George Selgin, Gresham's, Media, Monete Cudende RatioCoinflation, Multi-language, Nicolaus Copernicus, Wikimedia Commons Gresham's Law, Wiktionary-logo-en-v2
related to Analogies in other fields · 6
Gresham's law → American, Bad, Former United States Vice, Gresham's, President Spiro Agnew, Sometimes
related to "Good money" and "bad money" · 3
Gresham's law → As, The, Under Gresham's
is a · 1
Gresham's law → monetary principle stating that

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Important terminology

money good bad law coins value gresham's silver gresham coin metal gold debased face legal tender coinage people drives circulation

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Gresham's lawis amonetary principle stating that0.90text
lack of information or governmental decree.Former United States Vice President Spiro Agnew used Gresham's law in describing American news mediainstance ofdue to factors0.80text
stating thatinstance ofdue to factors0.80text
Gresham's lawrelated to "Good money" and "bad money"Under Gresham's0.60section
Gresham's lawrelated to "Good money" and "bad money"The0.60section
Gresham's lawrelated to "Good money" and "bad money"As0.60section
Gresham's lawrelated to Analogies in other fieldsSometimes0.60section
Gresham's lawrelated to Analogies in other fieldsGresham's0.60section
Gresham's lawrelated to Analogies in other fieldsFormer United States Vice0.60section
Gresham's lawrelated to Analogies in other fieldsPresident Spiro Agnew0.60section
Gresham's lawrelated to Analogies in other fieldsAmerican0.60section
Gresham's lawrelated to Analogies in other fieldsBad0.60section

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