Giacinto Auriti’s “economic symbol of inducted value,” or the simec, is used as currency in Guardiagrele, Italy, producing a frenzy of consumption and disdain for . Scuola Giacinto Auriti. K likes. Sito internet: Canale you tube: Scuola Giacinto Auriti added a new photo. See more of Scuola Giacinto Auriti on Facebook. Log In. Forgot account? or. Create New Account. Not Now.

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His theory is that those who accept the convention of a currency’s value, have the right to own it at its inception the people’s ownership of money. In the last period of his life, despite never having formally studied economic theory, he started teaching the subject and covering topics raised by the American poet Ezra Pound.

June Learn how and when to remove this template message. He pioneered monetary law as an academic discipline in the University of Teramo—developing an economic theory that outlines how currency – as a measure of value and as such conventionally accepted by those who use it as a medium of exchange – is a “tool” for the exchange of goods the theory of the induced value of money.

Please help improve this article by adding citations to reliable sources. The Bank of Italy opposed the request.

Second, was the creation of an Income for the Department of Citizenship to promote ‘initiative’, which was moderately successful, because SIMeC were sold at par in exchange for pounds and withdrawn twice the original value. These assets are recorded as assets or liabilities in the accounts of the Bank who purchases or receives in return pledge assets or securities bonds, currencies, etc.


Unsourced material may be challenged and removed. By using this site, you agree to the Terms of Use and Privacy Policy. Hence the need for this value, responding to a fundamental public interest, should be defended and guaranteed by public authorities, were assigned to function in modern central banks.

Giacinto Auriti born 10 October in GuardiagreleRome and died on 11 August was an Italian lawyer, essayist, and politician. So-called “abnormal and far-fetched” theory Auriti for which “there is a tradition of interpretation in violation of law, under which the central bank when they issue mutual Italian State and the National Collective, all the money puts into circulation.

Purchasing function and the value of money only when the Bank of Italy markets them and transfer the property to the recipients.

From Wikipedia, the free encyclopedia. This article contains translated text and needs attention from someone with dual fluency. Inhe ran for the elections to the European Parliament gjacinto the list “Social Alternative” by Alessandra Mussolini.

Frasi celebri del Prof. Auriti

He graduated in Rome, where he also became an academic, teaching MaritimeInternationalPrivateand Comparative Law. This page was last edited on 18 Novemberat Learn how and when to remove these template messages.

First, the starter auditi to enter the SIMeC-use community that induced value that objectifies as a real asset, being owned by the carrier making it a parallel currency. Pages needing translation into English. On 30 MayAuriti theories were repeatedly referenced in the parliament by Antonio Di Pietrowho was asking for assistance in European fora.

This ideal led to many public initiatives such as reform of the private banking system and the Bank of Italy. February Learn how and when to remove this template message.


He is the author of several texts on the subject of Maritime Law. That end up as an asset. On the question of ownership of the money raised by Auriti in the same proceeding, the Bank of Italy said: This article may contain an excessive amount of intricate detail that may interest only a particular giqcinto.

Giacinto Auriti – Wikipedia

Adds that the Guacinto considered that it itself must bear the cost of manufacture of the tickets and stamp duty, while the annual profits, made withdrawals and distributions mentioned in Article 54 of the Statute are donated to the State pursuant to art.

In giaclnto sense, the central banks are private corporations, who according to Auriti derive undue profits from seigniorage on the issue of paper money, assuming responsibility for an important source of public debt.

Auriti’s theory viewed the issued banknotes as mere promissory notes and false bills of exchange issued by the banks. Please help fiacinto it or discuss these issues on the talk page. It was considered false because the bank promise gold that it did not have. In addition, the Official Gazette, as required by law, such transactions monthly reports.

This theory draws more power from the abolition of the direct relationship between money convertible into gold and gold reserve, established by the Bretton Woods initiative launched by the Richard Nixon administration on 15 August He also questioned the legality of the then existing system of monetary emission, leading to the transformation of the Central Bank as the giacintl body responsible for monetary values and policy.

Please help by spinning off or relocating any relevant information, and removing excessive detail that may be giacino Wikipedia’s inclusion policy.