Gresham’s Law
Gresham’s Law 格雷沙姆法则 托马斯·格雷沙姆〔Thomas Gresham〕爵士提出，劣币总是驱逐良币，而不是相反。在复本位制〔bi-metallic〕中，实际价值较低的货币保持流通，而实际价值较高的货币则被储存；在单本位制〔mono-metallic〕中，轻币流通而重币储存。
GRESHAM’S LAW
gresham’s law
Gresham’s law. The principle that inferior products or practices tend to displace superior ones. • This economic principle is popularly attributed to Sir Thomas Gresham (1519–1579), even though earlier writers such as Oresme and Copernicus discussed it.