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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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Views Read Edit View history. 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to promote ‘initiative’, which was moderately successful, because SIMeC were sold at par in exchange for pounds and withdrawn twice the original value.

Frasi celebri del Prof. Auriti

This article has multiple issues. He also questioned the legality of the then existing system of monetary emission, leading to the transformation of the Central Bank as the managing body responsible for monetary values and policy. Please help by spinning off or relocating any relevant information, and removing excessive gizcinto that may be against Wikipedia’s inclusion policy.

On 30 MayAuriti theories were repeatedly referenced in the parliament by Antonio Di Pietrowho was asking for assistance in European fora. That end up as an asset. Please help improve it or discuss these issues on the talk page.

Retrieved from ” https: This ideal led to many public initiatives such as reform of the private banking system and the Bank of Italy. InAuriti together with the help of mayor of the Democratic Party Mario Palmerio conducted an experiment in his hometown Guardiagrele by launching an alternative currency known as SIMeC, [3] in order to prove his theories on the creation of value of currency by nationality.

The costs were borne by the same Giacinto Auriti.

These assets are recorded as assets or ayriti in the accounts of the Bank who ayriti or receives in return pledge assets or securities giqcinto, currencies, etc. The experiment developed in two phases. Consequently, Auriti wrote, “The vision of the currency and monetary functions which the petitioner intends to credit is clearly distorted and completely unfounded” Following two bills, on 11 Januarypresented by Senator Luigi Natali and signed by 17 other Senators of the Republic are part of five different parties, ranging from Communist Refoundation to the National Alliance and on 11 Februaryby Senator Antonino Monteleone of the National Alliance, Auriti’s thesis was implemented, even if the Senate does not discuss anything, as totally baseless.


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Despite the subsequent lifting of the seizure, the experiment was stopped.

Purchasing function and the value of money only when the Bank of Italy markets them and transfer the property to the recipients. But, notes the Bank, “tickets just produced by the workshop production of the Bank of Italy are a mere commodity owned by the Central Bank, who is directly printing and assume the related costs Article 4, paragraph 5 of Act no.

Giacinto Auriti was born on October 10, Adds that the Bank 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.

Giacinto Auriti

It, thereafter, transformed the business of issuing currency and further emphasized the conventional quriti of monetary value created by the acceptance by the people of this convention. Please help improve this article by adding citations to reliable sources. Auriti was among the founding teachers and was the dean of the faculty of law at the University of Teramoestablished in He became famous for his monetary theory on seignioragewhich sees money from a different view – one that auriit of the jurisprudence.

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In the last period of his life, despite aurriti having formally studied economic theory, he started teaching the subject and covering topics raised by the American poet Ezra Pound.

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. Unsourced material may be challenged and removed.

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.

Giacinto Auriti – Wikipedia

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. 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. This article contains translated text and needs attention from someone with dual fluency.

He graduated in Rome, where he also became an academic, teaching MaritimeInternationalPrivateand Comparative Law. February Learn how and when to remove this template message.