On 4/30/2012 1:06 AM, flash wrote:
Y'all, This tiny community of die hards notwithstanding, it was XyWrite which died, not Word. Word went on to conquer the world. Who was it said, "Bad money drives out good"?It's called Gresham's Law, and here's Wikipedia on the subject: Gresham's law is named after Sir http://en.wikipedia.org/wiki/Thomas_Gresham (1519–1579), who was an English http://en.wikipedia.org/wiki/Financier during the http://en.wikipedia.org/wiki/Tudor_dynasty. However, the law had been stated forty years earlier by http://en.wikipedia.org/wiki/Nicolaus_Copernicus. In Poland it is known as the Copernicus-Gresham Law. The phenomenon had been noted even earlier, in the 14th century, by http://en.wikipedia.org/wiki/Nicole_Oresme. This notion was developed also during the time of the Mamluk Empire. Specifically, it was developed by the Muslim jurist and historian Al-Maqrizi (1364–1442) who wrote about a particular period in the Mamluk dynasty when the rulers were simultaneously increasing the supply of a lower valued (copper) currency and hoarding the more valued (gold and silver) currencies.http://en.wikipedia.org/wiki/Gresham%27s_law#cite_note-2 This can be found in his work titled "Study of the Monetary System." The fact of bad money being used in preference to good money is also noted by http://en.wikipedia.org/wiki/Aristophanes in his play http://en.wikipedia.org/wiki/The_Frogs, which dates from around the end of the 5th century BC. But does it also apply to computer programs? Nicholas Clifford |