…The law that "bad money drives out good." Suppose there are two kinds of gold coins with the same face value but different gold content per coin. The public will use the coin with the lower gold content (bad coin) for daily payments and hoard the coin with the higher gold content (good coin). In other words, good money will be driven out of circulation. In 1560, the Englishman Thomas Gresham (1519-79)… *Some of the terminology that mentions "Gresham, T." is listed below. Source | Heibonsha World Encyclopedia 2nd Edition | Information |
…〈悪貨は良貨を駆逐するBad money drives out good.〉という法則。同じ額面価格で通用し,しかも一枚あたりの金の含有量の異なる2種類の金貨があるとしよう。公衆は,日々の支払にはもっぱら金の含有量の少ないほうの鋳貨(悪貨)を用い,多いほうの鋳貨(良貨)を退蔵するであろう。つまり良貨は流通過程から駆逐されることになる。1560年イギリス人グレシャムThomas Gresham(1519‐79。… ※「Gresham,T.」について言及している用語解説の一部を掲載しています。 出典|株式会社平凡社世界大百科事典 第2版について | 情報 |
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