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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This page was last edited on 18 Novemberat Second, was the creation giacinot an Income for the Giacintl 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to promote ‘initiative’, which was moderately successful, because SIMeC were sold at par in exchange for pounds and withdrawn twice the original value.

Consequently, Auriti wrote, “The vision of the currency and monetary functions which the petitioner intends to credit is clearly distorted and completely unfounded” June Learn how and when to remove this template message. Following an intervention by the Guardia di Finanza on a disposition of the Prosecutor of Chietithe SIMeC in circulation, however, were confiscated.

Frasi celebri del Prof. Auriti

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.

February Learn how and when to giaciinto this template message.

This article may contain an excessive amount of intricate detail that may interest only a particular audience. It, thereafter, transformed the business of issuing currency and further emphasized the conventional nature of monetary value created by the acceptance by the people of this convention.

Giacinto Auriti born 10 October in GuardiagreleRome and died on 11 August was an Italian lawyer, essayist, and politician. Giacinto Auriti was born on October 10, Giacino “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.

On 30 MayAuriti theories were repeatedly referenced in the parliament by Antonio Di Pietrowho was asking for assistance in European fora.

Giacinto Auriti | Yashiro and Berenson

On the question of ownership of the money raised by Auriti in the same proceeding, the Bank of Italy said: 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 giaciinto LCCN identifiers Wikipedia articles with SBN identifiers Wikipedia articles with VIAF identifiers Wikipedia articles with WorldCat-VIAF identifiers.


Inhe ran for the elections to the European Parliament on the list “Social Alternative” by Alessandra Mussolini. Please see this article’s entry on Pages needing translation into English for discussion.

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 Bank of Italy Articles 25 to 42 of the Act no.

He became famous for his monetary theory on seignioragewhich sees money from a different view – one that is of the jurisprudence. This ideal led to many public initiatives such as reform of the private banking system and the Bank of Italy. 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.

It was considered false because the bank promise gold that it did not have. Please help improve it or discuss these issues on the talk page. He graduated in Rome, where he also became an academic, teaching MaritimeInternationalPrivateand Comparative Law. In addition, the Official Gazette, as required by law, such transactions monthly reports.

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.

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. 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, aurihi.


Giacinto Auriti

Please help improve this article by adding citations to reliable sources. 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.

The experiment developed in two phases. Please help by spinning off or relocating any relevant information, and removing excessive detail that may be against Wikipedia’s inclusion policy.

Unsourced material may be challenged and removed. Views Read Edit View history. This article contains translated text and needs attention from someone with dual fluency. From Wikipedia, the free encyclopedia. His theory is that those who accept the convention of a currency’s value, have giscinto right to own it at its inception the people’s ownership of money. 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.

Giacinto Auriti – Wikipedia

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.

Retrieved from ” https: Auriti’s theory viewed the issued banknotes as mere promissory notes and false bills of exchange issued by the banks. 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. This article has multiple issues. Auriti was among the founding teachers and was the dean of the faculty of law at the University of Teramoestablished in 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.