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Source link: http://archive.mises.org/12161/copernicus-and-the-quantity-theory-of-money/

Copernicus and the Quantity Theory of Money

March 12, 2010 by

Copernicus became the first person to set forth clearly the “quantity theory of money,” the theory that prices vary directly with the supply of money in the society. He did so 30 years before Azpilcueta Navarrus. FULL ARTICLE by Murray N. Rothbard

{ 5 comments }

flix March 12, 2010 at 9:24 am

nihil novum sub solis

tolemo March 15, 2010 at 1:03 pm

Here’s another link to Copernicus the economist from cobdencentre.org:

“What became know as Gresham’s law is that “Bad money drives out good under legal tender laws”. In Europe this is know as the Copernicus Law, as he was saying the same thing on the continent. The great medieval philosopher and theologian Nicole d’Oresme was the inspiration of Copernicus on this matter.”

http://www.cobdencentre.org/2010/02/how-much-is-your-pound-or-dollar-actually-worth-since-government-has-been-in-control-of-money/

website June 21, 2010 at 2:20 am

In Europe this is know as the Copernicus Law, as he was saying the same thing on the continent. The great medieval philosopher and theologian Nicole d’Oresme was the inspiration of Copernicus on this matter.

talkpc June 21, 2010 at 2:29 am

The great medieval philosopher and theologian Nicole d’Oresme was the inspiration of Copernicus on this matter.

John Beede February 3, 2011 at 10:53 am

Copernicus was a stud. Church contrarian & financial guru.

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