The value of currency in Oresme and Copernicus

Scientiae Studia 13 (4):731-757 (2015)
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Abstract

RESUMO Este artigo apresenta a noção de valor aplicado à análise da moeda, elaborada por Nicole Oresme, em 1355, e Nicolau Copérnico, em 1526. Mostramos que, para os autores, o valor da moeda deve ser estável e determinado pela comunidade em atividades de compra e venda. Também mostramos como esses autores opõem-se à instabilidade do valor, especialmente a desvalorização promovida pelo governante. Argumentamos que ambos os autores criam sistemas de medição e controle do valor da moeda em tempos de turbulência monetária. De acordo com Oresme e Copérnico, a instabilidade no valor da moeda não só mantém o comércio distante, em outros reinos ou repúblicas, mas também revela a má conduta do príncipe, aquele que é investido de autoridade política e monetária nas sociedades europeias dos séculos XIV e XVI. ABSTRACT This paper presents the notion of value applied to the analysis of currency, elaborated by Nicole Oresme, in 1355, and Nicolas Copernicus, in 1526. It shows that, to these authors, currency value must be stable and determined by the community engaged in activites of buying and selling. It also shows how they are opposed to instability of value, especially to its devaluation promoted by the government. It argues that both authors create systems for measuring and controlling of currency value in times of monetary turmoil. According to Oresme and Copernicus, instability of currency value not only keeps commerce faraway, in other kingdoms or republics, but also reveals the misconduct of the prince, the one who is invested with political and monetary authority in European societies of the fourteenth and sixteenth centuries.

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The Science of Mechanics in the Middle Ages.Marshall Clagett - 1959 - Philosophy of Science 28 (4):442-444.
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Scholastic Economics.Gerard Casey - 2006 - Yearbook of the Irish Philosophical Society:70-84.

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