3 Matching Annotations
  1. Mar 2023
    1. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.[1][2] The law was named in 1860 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in then-debased English currency. The concept was thoroughly defined in medieval Europe by Nicolaus Copernicus and known centuries earlier in classical Antiquity, the Middle East and China.

      Gresham's law is an economic monetary principle which states that "bad money drives out good."

      It relates to commodity value, particularly in coinage, where cheaper base metals in coins will cause more expensive coinage to disappear from circulation.

  2. Nov 2022
  3. learn-ap-southeast-2-prod-fleet01-xythos.content.blackboardcdn.com learn-ap-southeast-2-prod-fleet01-xythos.content.blackboardcdn.com
    1. onversation among groups ofreaders over time.

      An intriguing story of influential annotations in the history of science can be seen in Gingerich's The Book Nobody Read in which he traces annotations by teachers and students of Copernicus' De revolutionibus to show spread of knowledge in early modern astronomy.

      Gingerich, Owen. The Book Nobody Read: Chasing the Revolutions of Nicolaus Copernicus. William Heinemann, 2004.

  4. Jun 2022
    1. when Britannica conducted followup research on whether or not the books were actually being read, they found that buyers who really read the books were the exception. The two largest sub-categories among buyers who were more likely to have read the books were housewives and men trained in some sort of technical profession.

      Research by Britannica (source?) indicated that the Great Books of the Western World sold well but were not often read.

      Link to: A Brief History of Time by Stephen Hawking Owen Gingerich Copernicus