Under Gresham's Law, "good money" is money that shows little difference between its nominal value (the face … See more

The law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is bec… See more

Gresham was not the first to state the law which took his name. The phenomenon had been noted by Aristophanes in his play The Frogs, which dates from around the end of the 5th century BCE. The referenced passage from … See more

The experiences of dollarization in countries with weak economies and currencies (such as Israel in the 1980s, Eastern Europe and countries in the period immediately after the collapse of the Soviet bloc, or Ecuador throughout … See more

The principles of Gresham's law can sometimes be applied to different fields of study. Gresham's law may be generally applied to any circumstance in which the true value of something is markedly different fro… See more

• Adverse selection
• Free silver
• Inflation
• Junk silver, coins collected specifically for the value of their silver content… See more

• Media related to Gresham's law at Wikimedia Commons
• Gresham's Law by George Selgin (archived 21 February 2012)
• Multi-language translation of Nicolaus Copernicus, Monete Cudende R… See more