Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Gresham’s Law - Economics Dictionary of Arguments | |||
| Gresham's Law: Gresham's Law in economics states, "Bad money drives out good money." It means that when two currencies of different value circulate, people tend to hoard the currency with higher intrinsic value (good money) and use the less valuable one (bad money) in transactions, causing good money to disappear from circulation. See also Money, Bimetallism, Gold standard, Central banks._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Rothbard, Murray N. | Gresham’s Law | Rothbard, Murray N. | |
|
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-02-18 | |||
