Gresham's law 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 in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. The law was named in 1860 by Henry Dunning Macleod, after Sir Thomas Gresham (1519–1579), who was an English financier during the Tudor dynasty. However, there are numerous predecessors. The law had been stated earlier by Nicolaus Copernicus; for this reason, it is occasionally known as the Gresham–Copernicus law. It was also
Good Bad Books and Kenneth McLeish, in which the authors critique a range of "bad good" books, generally thought to be "good books". Good Bad Books "Good Bad Books" is an essay by George Orwell first published in "Tribune" on 2 November 1945. After Orwell's death, the essay was republished in "Shooting an Elephant and Other Essays" (1950). The essay examines the lasting popularity of works not usually considered great literature. Orwell defines a "good bad book" as "the kind of book that has no literary pretensions but which remains readable when more serious productions have perished." Orwell concludes: "I would back "Uncle