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Journal des Économistes et des Études Humaines

Editor-in-Chief: Garello, Pierre

Ed. by Gentier, Antoine


CiteScore 2018: 0.14

SCImago Journal Rank (SJR) 2018: 0.107
Source Normalized Impact per Paper (SNIP) 2018: 0.013

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2153-1552
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Volume 20, Issue 1

Issues

Volume 17 (2011)

Volume 16 (2010)

Volume 15 (2009)

Nicole Oresme (1320–1382)

Laurence S. Moss
Published Online: 2014-05-17 | DOI: https://doi.org/10.1515/jeeh-2014-0004

Abstract

The pantheon of classical liberal thinkers must honor the memory of one brilliant mathematician, scientist, and debunker of superstitious beliefs, the sound-money advocate Nicole Oresme. Although his opposition to the recoinage practices of the French monarchy was not unprecedented in the fourteenth century, Oresme must be credited with anticipating the “rational expectations” in economics when he distinguished quite forcefully between “preannounced debasement” and “secret debasement” and their effects on the distribution of wealth. Oresme explains that the king should not practice secret debasement, and can appear as a pioneer for modern ideas on monetary surprises.

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About the article

Published Online: 2014-05-17

Published in Print: 2014-07-01


Citation Information: Journal des Économistes et des Études Humaines, Volume 20, Issue 1, Pages 61–70, ISSN (Online) 2153-1552, ISSN (Print) 2194-5799, DOI: https://doi.org/10.1515/jeeh-2014-0004.

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©2014 by Walter de Gruyter Berlin / Boston.Get Permission

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