What is Copernicus’s contribution to economics?

Copernicus made two major contributions to the discipline of economics that are still in use today. The first is the quantitative theory of money, which states that the amount of money in the economy influences the pricing patterns. The more money in the economy, the higher the price. Another theory that Copernicus augmented is called Gresham’s Law, and his axiom is “bad money drives out good money.” The theory states that people will use “bad” (less valuable) money when it’s available and hold on to their “good” money. money, believing that it will retain its value longer.

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