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Home | Library | Copernicus and the Quantity Theory of Money

Copernicus and the Quantity Theory of Money

  • Audio Mises Daily
March 12, 2010

Tags Money and BanksMonetary TheoryValue and Exchange

Copernicus became the first person to set forth clearly the "quantity theory of money," the theory that prices vary directly with the supply of money in the society. He did so 30 years before Azpilcueta Navarrus, writes Murray N. Rothbard (1926–1995).

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