Newton worked for the British economy

A study confirms that genius scientist Isaac Newton saved the British economy a million pounds equivalent by taking measures to standardize the kingdom's gold coin.

>>>Image: Isaac Newton's first mathematical manuscript

Known for his theory of gravity, Newton spent the last 30 years of his life running the Royal Mint, which produces British coins. Ari Belenkiy, a mathematician at the British Columbia Institute of Technology in Vancouver (Canada), compared Newton's improvements to understanding their impact on preventing wealthy from taking advantage of money to profit.

Isaac Newton made a specific contribution to the British economy

The quality of the coin produced by the Royal Mint is assessed every year at the Trial of the Pyx - a ceremony beginning in the 13th century. When casting coins, several coins from each batch are placed in a small box ( called pyx ) and then weigh to see how much they are skewed to the required standard. If the coin weighs more than the value printed on its face, the speculators will buy it, melt it and sell it to the foundry itself to make a profit, a process called culling . 'Culling is a profession of the rich,' says Belenkiy.

Belenkiy modeled the weight of normal coins. He then used the records from the weighings, Newton's notes and mathematical reasoning to calculate the standard deviation of a distribution wave, discovering the impact of Newton's improvements. The analytical results showed that the standard deviation was reduced from about 85mg to 49mg.

Belenkiy suggested that perhaps Newton had applied the "cooling law" to slow the cooling of the coin and reduce the variation. He calculated that Newton's improvement saved £ 41,510 at the time, equivalent to £ 3 million today. The four Royal Mint leaders after Newton also applied his techniques and once again saved twice the amount. That is, Newton helped save Britain about £ 10 million with the current value of money.