Home / Tags / Medieval Economics

castle Medieval Economics

Economic thought during the Middle Ages

format_quote Quotes

"If two kinds of money of different value are current in a kingdom, the better will inevitably be hoarded or exported, and the lesser alone will remain in circulation."

— Oresme, Nicole event 1355

menu_book Treatise on the Origin, Nature, Law, and Alterations of Money

trending_down Currency Debasement currency_exchange Monetary Theory monetization_on Sound Money castle Medieval Economics

View Full Quote

"Such mutation is more unjust and harmful to the whole community than usury; indeed, it amounts to manifest robbery and fraud."

— Oresme, Nicole event 1355

menu_book Treatise on the Origin, Nature, Law, and Alterations of Money

trending_down Currency Debasement monetization_on Sound Money currency_exchange Monetary Theory lock Tyranny castle Medieval Economics key Property Rights

View Full Quote

"Money is not the private property of the prince. It was invented for the sake of the community, and belongs to that community."

— Oresme, Nicole event 1355

menu_book Treatise on the Origin, Nature, Law, and Alterations of Money

currency_exchange Monetary Theory key Property Rights monetization_on Sound Money castle Medieval Economics trending_down Currency Debasement

View Full Quote

auto_stories Books

Treatise on the Origin, Nature, Law, and Alterations of Money

person Oresme, Nicole event 1355

Medieval treatise criticizing currency debasement and government manipulation of money, one of the earliest works in monetary economics

currency_exchange Monetary Theory trending_down Currency Debasement castle Medieval Economics monetization_on Sound Money

Read More

person Authors

Oresme, Nicole

event 1320 - 1382

French philosopher and economist, bishop of Lisieux, early critic of currency debasement and pioneer in economic thought

castle Medieval Economics currency_exchange Monetary Theory trending_down Currency Debasement history Early Economics

View Profile