The Salamanca quantity theory
About this model
Martín de Azpilcueta and the School of Salamanca, 1556. Silver from the Americas floods into Spain; more money buys the same goods so prices rise; money then leaks abroad to buy cheaper goods. A teaching model: it keeps only this core loop and leaves out everything else a real economy has.
"The Salamanca quantity theory" is a public Machinations diagram shared in the Community by Machinations, with 33 components.
It was created in October 2026 and last edited in November 2026.
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