Concept
Thomas Gresham
Overview
Sir Thomas Gresham the Elder (; c. 1519 – 21 November 1579) was an English merchant and financier who acted on behalf of King Edward VI (1547–1553) and Edward's half-sisters, queens Mary I (1553–1558) and Elizabeth I (1558–1603). In 1565 Gresham founded the Royal Exchange in the City of London.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
Found by search and not yet checked by a person; they may only mention the idea in passing.
This is the operation by which is carried into effect the law of Sir Thomas Gresham (a merchant of the time of Elizabeth) to the purport that “money of less value drives out money of more value,” where both are legal payments among individuals. A celebrated instance is that where the clipped coins of England were received by the state on equal terms with new and perfect coin before 1695.
John Stuart Mill, Principles of Political Economy
Opens on Thomas Gresham; names Thomas Gresham.
He put to sale the revenues and manors of the crown; the offices of greatest trust and power, even those of forester and sheriff, which anciently were so important,[*] became venal; the dignity of chief justiciary, in whose hands was lodged the whole execution of the laws, was sold to Hugh de Puzas, bishop of Durham, for a thousand marks; the same prelate bought the earldom of Northumberland for life;[**] many of…
David Hume, The History of England in Three Volumes, Vol. I., Part A.
Close in meaning to Thomas Gresham; the term itself is not named.
In order to remedy the inconvenience to which this disadvantageous exchange must have subjected their merchants, such small states, when they began to attend to the interest of trade, have frequently enacted that foreign bills of exchange of a certain value should be paid, not in common currency, but by an order upon, or by a transfer in the books of a certain bank, established upon the credit, and under the…
Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
Close in meaning to Thomas Gresham; the term itself is not named.
Related ideas
- Spanish Netherlands
- Massachusetts
- Medicine
- Geometry
- Boston
- Rhetoric
- University of Cambridge
- Antwerp
- Nicolaus Copernicus
- Venice
- Belgium
- Budapest
- Knight Bachelor
- Gresham College
- East India Company
- Oxford University Press
- Astronomy
- Low Countries
- City of London
- Motto
- Divinity
- Gresham's law
Place in the tradition
Part of History of philosophy in Poland.