Gresham's law of news. Gregory Bateson postulated an analogue to Gresham's Law operating in cultural evolution, in which "the oversimplified ideas will always displace the sophisticated and the vulgar and hateful will always displace the beautiful. And yet the beautiful persists." Gresham's law has been cited as "Silver currency will inevitably force gold currency out of circulation" (L. Pyenson, Servants of Nature (W.W. Norton, 1999) p. 21); this suggests a fundamental misinterpretation, cf. Mundell (above). Gresham's law 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
Good Calories, Bad Calories "well-researched" and opines that Taubes’s conclusions are "somewhat startling yet surprisingly convincing." Journalism professor and food author Michael Pollan describes "Good Calories, Bad Calories" as "valuable" but believes that it "does not escape the confines of nutritionism." "New York Times" medical reporter Gina Kolata concluded that she was ultimately "not convinced" by Taubes’s arguments, writing that "the problem with a book like this one, which goes on and on in great detail […] is that it can be hard to know what has been left out." Laura Vanderkam reviewed the book somewhat negatively in "The American", the journal of the