Gresham's Law in Nineteenth-Century America
考察了19世纪美国几次检验格雷欣法则的案例，包括早期美国银元与外国银元的冲突，以及内战期间绿背美元与金币的冲突。作者发现格雷欣法则成立，而另一种认为劣币和良币会同时流通的观点不成立。
This paper examines several nineteenth-century American tests of Gresham's law. These tests include both the conflict between the U.S. silver dollar and foreign silver dollars in the early national period and the conflict between the greenback dollar and the gold dollar during the Civil War and its aftermath. The authors find that Gresham's law worked well and that a rival view, which considers the natural outcome of such conflicts to be the concurrent circulation of cheap money at face value and dear money at a varying premium, did not. Copyright 1995 by Ohio State University Press.