Monetae cudendae ratio is a paper on coinage by which Renaissance- and Reformation-era mathematician and astronomer who formulated a model of the universe that placed the Sun rather than the Earth at the center of the universe?
Monetae cudendae ratio Monetae cudendae ratio (also spelled Monetæ cudendæ ratio; English: On the Minting of Coin or On the Striking of Coin; sometimes, Treatise on Money) is a paper on coinage by Nicolaus Copernicus (Polish: Mikołaj Kopernik). It was written in 1526 at the request of Sigismund I the Old, King of Poland, and presented to the Prussian Diet.
Paradox of value The paradox of value (also known as the diamond–water paradox) is the apparent contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared as early as Plato's "Euthydemus". Nicolaus Copernicus, John Locke, John Law and others had previously tried to explain the disparity.