Monetae cudendae ratio ("Treatise on Coin") and "Modus cudendi monetam" ("The Way to Strike Coin"). He made these the basis of a report which he presented to the Prussian Diet at Grudziądz (Graudenz) in 1522; Copernicus' friend Tiedemann Giese accompanied him on the trip to Graudenz. For the 1528 Prussian Diet, Copernicus wrote an expanded version of this paper, "Monetae cudendae ratio", setting forth a general theory of money. In the paper, Copernicus postulated the principle that "bad money drives out good", which later came to be referred to as Gresham's Law after a later describer, Sir Thomas Gresham. This phenomenon had been
Bad (economics) of treatment, but will greatly improve their health and well-being in the long run. Bad (economics) An economic bad is the opposite of an economic good. A 'bad' is anything with a negative value to the consumer, or a negative price in the marketplace. Refuse is an example of a bad. A bad is a physical object that lowers a consumer's level of happiness, or stated alternately, a bad is an object whose consumption or presence lowers the utility of the consumer. With normal goods, a two-party transaction results in the exchange of money for some object, as when money