Word: gresham
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Dates: during 1960-1969
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Ritchard G. Cable of Rochester, N.Y. (Mathematics); David L. Engel of Dayton, O. (Economics); Alan N. Granger of Berkley, Mich. (History and Literature); John A. Gresham of Mt. Lebanon, Pa. (Social Relations); Albert J. Hudspeth of Houston, Tex. (Biochemistry); Bruce R. Leslie of Brooklyn, N.Y. (Biology); G.W. Schaumburg Jr. of Provo, Utah (Applied Mathematics); Allen Trasher of Norfolk, Va. (Sanskrit); Ronald L. Trosper of Milwaukee, Wisc. (Social Studies); Pieter M. Visscher of Minneapolis, Minn. (Physics) and David A. Wendt of Haddonfield, N.J. (Social Studies...
Saudek's solution is the development of public, or educational, television, which he hopes could "throw Gresham's law into reverse" with the good programs driving the bad programs...
...Britain, Ashby said, universities operate on Gresham's Law--that bad money drives out good money, or that university education for the masses drives down the quality of the academic degree. This English "elitist" philosophy was transferred to African universities when they were established in the 1950's, Ashby said, and the effects of elitism are still felt...
...would like it the other way. but a majority want the town to be clean. We know we can't be an average town with average people doing average things. We have to be outstanding people doing outstanding things to overcome our past." Adds Finance Commissioner James Gresham, 39: "The amazing thing about the folks of Phenix City is that they all want something a little bit better. You know, progress can be just as contagious as corruption...
...Guests stay at the Ritz in Paris, but according to one observer, too many of the wrong people began to follow the right people there, so the right people had to start going to the Plaza-Athenee, the Lancaster and the Meurice. According to the same kind of Gresham's law, resorts, and even countries, suddenly...