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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The entry ticket is with operations that the Bank independently concluded ” with the Treasury, with the banks, with foreign countries and with the money and capital markets, provided all operations and fully regulated by law and the Statute of the Giavinto of Italy Articles 25 to 42 of the Act no.

It, thereafter, transformed the business of issuing currency and further emphasized the conventional nature of giacinot value created by the acceptance by the people of this convention.

This ideal led to many public initiatives such as reform of the private banking system and the Bank of Italy. Unsourced material may be challenged and removed.

Retrieved from ” https: Learn how and when to remove these template messages. This article may contain an excessive amount of intricate detail that may interest only a particular audience. Giacinto Auriti was born on October 10, Please see this article’s entry on Pages needing translation into English auroti discussion.

Giacinto Auriti | Yashiro and Berenson

On 30 MayAuriti theories were repeatedly referenced in the parliament by Antonio Di Pietrowho was asking for assistance in European fora. His theory is that those who accept the convention gacinto a currency’s value, have the right to own it at its inception the people’s ownership of money.

Please help improve it or discuss these issues on the talk page. This article contains translated text and needs attention from someone with dual fluency. 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. This fiacinto needs additional citations for verification.


So-called “abnormal and far-fetched” theory Auriti for which “there aurihi 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.

Please help by spinning off or relocating any relevant information, and removing excessive detail that may be against Wikipedia’s inclusion policy. In this 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. Views Read Edit View history. Articles needing additional references from June All articles needing additional references Wikipedia articles with style issues from February All articles with style issues Wikipedia articles that are excessively detailed from February All articles that are excessively detailed Wikipedia articles needing cleanup after translation Wikipedia articles needing cleanup after translation from unknown language Articles with multiple maintenance issues Articles with hCards Wikipedia articles with BNF identifiers Wikipedia articles with ISNI identifiers Wikipedia articles with LCCN identifiers Wikipedia articles with SBN identifiers Wikipedia articles with VIAF identifiers Wikipedia articles with WorldCat-VIAF identifiers.

Giacinto Auriti – Wikipedia

First, the starter served 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.

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.


He became famous for his monetary theory on seignioragewhich sees money from a different view – one that is of the jurisprudence. The experiment developed in two phases.

Giacinto Auriti

Inhe ran for the elections to the European Parliament on the list “Social Alternative” by Aauriti Mussolini. Please help improve this article by adding citations to reliable sources. The Bank of Italy posited that the coinage is an expression of state sovereignty, and therefore “the value of the currency draws its basis only and only by rules of the road, which, usually, regulate in detail the creation and circulation of currency shall stipulate the discharging effect, punishing the failure to accept it as payment and protect the public trust against the falsification and alteration.

From Wikipedia, the free encyclopedia. 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 Auriti’s theory viewed the issued banknotes as mere promissory notes and false bills of exchange issued by the banks.

Auriti was among the founding teachers and was the giqcinto of the faculty of giacnto at the University of Teramoestablished in The Bank of Italy opposed the request. He is the author of several texts on the subject of Maritime Law. InAuriti together with the help of mayor of the Democratic Party Mario Giacitno conducted an experiment in his hometown Guardiagrele by launching giacint alternative currency known as SIMeC, [3] in order to prove his theories on the creation of value of currency by nationality.