Gresham's law

GPTKB entity

Statements (20)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo monetary systems with parallel currencies
two forms of commodity money are in circulation
gptkbp:category Economics
Monetary theory
gptkbp:citation gptkb:The_Wealth_of_Nations
gptkbp:contrastsWith Thiers' law
gptkbp:describes the tendency of bad money to drive out good money from circulation
gptkbp:explains why undervalued currency disappears from circulation
gptkbp:formedBy gptkb:Sir_Thomas_Gresham
16th century
https://www.w3.org/2000/01/rdf-schema#label Gresham's law
gptkbp:influenced gptkb:economic_policy
gptkbp:namedAfter gptkb:Sir_Thomas_Gresham
gptkbp:relatedTo bimetallism
currency debasement
legal tender laws
gptkbp:bfsParent gptkb:Gresham's_law_(precursor)
gptkb:Bimetallism
gptkbp:bfsLayer 7