Gresham's law
Copernicus was born and died in Royal Prussia, a region that had been part of the Kingdom of Poland since 1466. A polyglot and polymath, he obtained a doctorate in canon law and was a mathematician, astronomer, physician, classics scholar, translator, governor, diplomat, and economist. In 1517 he derived a quantity theory of money—a key concept in economics—and in 1519 he formulated an economic principle that later came to be called Gresham's law.