The organizational properties of money: Gustavo Del Vecchio's theory
AbstractBetween 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.
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Bibliographic InfoPaper provided by Dipartimento di Scienze Economiche "Marco Fanno" in its series "Marco Fanno" Working Papers with number 0087.
Length: 22 pages
Date of creation: Dec 2008
Date of revision:
economic organization; monetary services;
Find related papers by JEL classification:
- B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-03 (All new papers)
- NEP-HIS-2009-01-03 (Business, Economic & Financial History)
- NEP-HPE-2009-01-03 (History & Philosophy of Economics)
- NEP-MON-2009-01-03 (Monetary Economics)
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