Can money improve economic organization? Between 1909 and 1917,
Gustavo Del Vecchio, an Italian economist, developed a theory of
circulation. In a series of articles he set out his thoughts on the
utility and value of money, credit, discount rates, banking and
international payments. Tusset re-evaluates Del Vecchio's theory,
concluding that money represents a technology which organizes both
economy and society.
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