I whakaingoatia te ture i te tau 1860 e Henry Dunning Macleod, i muri i a Sir Thomas Gresham (1519<unk>1579), he tangata moni Ingarihi i te wa o te Tudor dynasty. Heoi, ko te kaupapa ake i mua i whakaatuhia e etahi atu, tae atu ki a Aristophanes i roto i tana taakaro The Frogs, no te mutunga o te rautau 5 BC, i te rautau 14 na Nicole Oresme c. 1350, i roto i tana tuhinga On the Origin, Nature, Law, and Alterations of Money, na te kaiwhakawa me te kaituhi korero a Al-Maqrizicus (1364<unk>1442) i te Emepaea Mamluk; a i te 1519 na Nicolaus Copernius i roto i te tuhinga i kiia ko Monendae cud ratio. Mo tenei take, i mohiotia ai ko te ture a Gresham, i etahi wa ko Sir Thomas Gresham.
Ko te 1579