| 单词 | Gresham's Law |
| 释义 | Gresham's Law (once / 161909 pages) n WORD FAMILY Gresham's Law USAGE EXAMPLESIt's sort of like the economic principle about currency known as Gresham's Law: Bad assessments will drive out good assessments in a high-stakes environment. Washington Post(Jul 29, 2011) There is a pretty obvious conflict between the quantity theory and Gresham's Law. Anderson, Benjamin M., The Value of Money(2011) The truth of Gresham's Law was believed by most economists, who doubted whether the commercial ratio was ever sufficiently permanent to make bimetallism possible. Dodd, William E., The New Nation(2010) n (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham Hyper principle, rule a rule or law concerning a natural phenomenon or the function of a complex system |
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