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Bookmark or Share- Gresham's Law - Oxford ReferenceOverview. Gresham's Law. Quick Reference. The maxim named after the 16th-century adviser to the royal court, Sir Thomas Gresham, that “bad money drives out good money, but that good money does not drive out bad”.
- Gresham's law - WikipediaIn economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value , the more valuable commodity will gradually disappear from circulation.
- Greshams Law | Encyclopedia.comGresham's Law the tendency for money of lower intrinsic value to circulate more freely than money of higher intrinsic and equal nominal value (often expressed as ‘Bad money drives out good’). It is named for the English financier Thomas Gresham ( c. 1519–79), who founded the Royal Exchange in 1566 and served as the chief financial adviser ...
- What is Gresham’s law? Definition and examplesGresham’s Law is a monetary principle stating that when there are two forms of commodity money in circulation the more valuable one will be hoarded and will disappear from circulation.
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