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The organizational properties of money: Gustavo Del Vecchio's theory

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  • Gianfranco Tusset

    (University of Padua)

Abstract

Between 1909 and 1917, Gustavo Del Vecchio built a theory of money as a medium of exchange where organizational and social aspects were investigated in depth, first by means of a conventional static investigation and then by adopting a dynamic perspective. Del Vecchio believed that money, credit, accumulation, and crisis could no longer be theorised with time omitted, and this induced him to formulate dynamic statements which put forward claims about money as a store of value. The organizational and social dimensions of money, time and uncertainty were all important and interconnected aspects in his scientific research, for they all sprang from his conceptualization of money as a medium of exchange.

Suggested Citation

  • Gianfranco Tusset, 2008. "The organizational properties of money: Gustavo Del Vecchio's theory," "Marco Fanno" Working Papers 0087, Dipartimento di Scienze Economiche "Marco Fanno".
    • Handle: RePEc:pad:wpaper:0087
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    Keywords

    economic organization; monetary services;

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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