INDEX

accumulation, 9, 13, 14, 21, 27, 101, 104,

11222, 124, 134
Aftalion, Albert, 126, 128
aggregate perspective, 8, 22, 25, 27, 324,
3840, 49, 5762, 803, 85, 97, 118,
153
ambition, 112, 115, 117, 118, 119, 121, 124,
134, 154, 156
Amoroso, Luigi, 81
Anderson, Benjamin M., 21, 39
Austrian School, 4

goods, 31, 79, 88, 91, 96, 131, 132, 133,

142, 145
human, 23
market of, 90, 91, 100
mobility, 90, 105, 12934
monetary, 37, 38, 91, 105, 106, 128, 131,
132
social, 50,
Cantillon, Richard, 8, 656, 68, 70, 83, 92
capitalism, 11, 13, 14, 63, 64, 125, 126, 128,
14951
Caravale, Giovanni, 143
Carver, Thomas N., 115
change
economic, 5, 11, 12, 14, 1519, 21, 43,
44, 144, 150, 156
political, 24, 121
social, 119, 121
Clark, John Bates, 39, 136
clientele, 22, 23, 89, 95
competition, 19, 20, 22, 25, 26, 58, 66, 68,
70, 72, 74, 76, 78, 94, 95, 100, 101,
127, 144, 147, 148, 151, 153
Comte, Auguste, 16
Cournot, Antoine Augustin, 24
Cozzi, Terenzio, 143
credit, 8, 13,17, 22, 24, 34, 35, 49, 524, 57,
70, 75, 79, 857, 94104, 1089, 130,
131, 1536
pure theory of, 8793
technology of exchange, 89
creditization of exchange, 88
crisis, 13, 14, 17, 93, 104, 12433, 134, 150
causes of, 1279
economic theory of, 14, 125, 126
theory of, 18

Copyright

banking reserves, 53, 71, 72, 869, 938, 99,

101, 1089, 155
Benini, Rodolfo, 5, 119
Bergson, Henri-Louis, 150
biological metaphor, 15, 16, 20, 28
Blaug, Mark, 47
Bhm-Bawerk, Eugen von, 23, 42, 48,
11114
Bordin, Arrigo, 81
Bresciani-Turroni, Costantino, 5, 6, 135,
136, 1378, 140, 1445
Bridel, Pascal, 31
Bcher, Karl, 13

Caff, Federico, 27, 133

Cairnes, John E., 106
Capital, 13, 21, 25, 37, 71, 88, 90, 11315,
127, 128, 130, 132, 133, 143, 147
circulating, 21, 31, 90, 126, 128, 129,
130, 132, 133
credit as, 22, 88, 90
financial, 106
fixed, 21, 31, 32, 126, 128, 129, 130, 132,
133

191

192

Money as Organization, Gustavo Del Vecchios Theory

Davenport, Herbert J., 39

De Gasperi, Alcide, 2
De Pietri Tonelli, Alfonso, 28, 80
Del Vecchio, Giulio Salvatore, 1
Demaria, Giovanni, 2, 5, 31, 34, 54, 150
Diehl, Karl, 146
Dietzel, Carl, 26
discount rate
see interest rate, monetary
disequilibrium, 1720, 55, 96, 100, 103,
106, 107, 127, 128, 136, 141, 142,
1445
distribution of wealth, 25, 26, 82, 118,
11922, 134
dynamics, 8, 16, 44
capitalist, 144
economic, 5, 6, 12, 13, 15, 16, 1721, 52,
86, 88, 118, 121, 149, 150
monetary, 53
of first type, 1819
of second type, 19
price, 89
profit, 144
social, 119, 148
economic becoming, 3, 11, 17
economics
unified science, 12, 13
Einaudi, Luigi, 2
encaisse desire, 32, 46, 76, 155
entrepreneur, 65, 74, 76, 81, 103, 114, 128,
132, 133
errors, 9, 13840
Italian archetype, 1356
speculative, 1378
equilibrium
economic, 40, 51, 78, 80,136, 138, 149
general economic, 11, 20, 81, 114, 145
monetary, 49, 55, 58, 59, 74, 77, 79, 82,
86, 91,93, 95, 99, 100, 103, 1089,
111, 124, 127, 153, 154
moving, 1618, 141
statistical, 81, 82
exchange rates, 2, 21, 34, 53, 60, 1047
expectations, 11, 324, 434, 469, 52,
545, 57, 74, 83, 86, 92, 934, 979,
103, 105, 112, 121, 127, 132, 137,
1423, 1478, 1546
see also expected prices

experiment
thought, vii, 12, 14, 20, 47, 126, 156
evolutionary
approach, 15, 156
economists, 3, 16
vision, 3, 16
Fanno, Marco, 5, 129, 132, 135, 136, 1445
theory of economic fluctuations, 1404
Ferrara, Francesco, 1, 4, 15, 21, 24, 59, 88,
101, 129, 130
Fetter, Frank A., 135
Fisher, Irving, 7, 24, 46, 51, 58, 59, 61, 64,
65, 69, 75, 11115, 137
Fo, Bruno, 129
Galiani, Ferdinando, 4
Genovesi, Antonio, 4
German historicism, 4, 13, 16, 20, 125
Gini, Corrado, 5
Gioia, Vitantonio, 28
Gossen, Hermann Heinrich, 24

Copyright

habit, 20, 48, 49, 65, 78, 83, 89, 92, 97, 109,
117, 118, 123, 134
Hansen, Alvin H., 144
Hawtrey, Ralph George, 7, 88
Hermann, Friedrich von, 12, 22, 23
Hicks, John, 55
Hildebrand, Bruno, 13
Holtrop, Marius W., 69
infinitesimal order, 26
instability, 14951
interest rate
monetary, 34, 42, 44, 4851, 54, 55, 79,
94, 99, 85109, 111, 121, 128, 137,
1535
normal, 114, 116, 122
objective and subjective, 11314
psychological 479, 51, 82, 96, 99,
11119, 1534
relationship, 15
static and dynamic, 11415
invariance and change, 1517
Jannaccone, Pasquale, 81
Jevons, William Stanley, 4, 24, 69, 115

Index
Kahn, Richard, 142
Keynes, John Maynard, 7, 44, 712, 105,
127
Knight, Frank, 26, 55, 90, 135, 138, 146
Knies, Karl, 14, 38
Labriola, Antonio, 1, 12, 17, 63, 121
Landry, Adolphe, 111, 115
Lescure, Jean, 128
List, Friedrich, 121
Loria, Achille, 17, 121
Lugli, Luigi, 145
Lundberg, Erik, 146
Macleod, Henry Dumming, 22, 23
Mangoldt, Hans von, 146
Marget, Arthur M., 31, 71
Marshall, Alfred, 24, 42, 46, 50, 99, 123
Martello, Tullio, 1
Marx, Karl, 1, 16, 17, 25, 69, 121, 147
Masci, Guglielmo, 129, 131
Mayer, Hans, 135
Menger, Car, 4, 23, 24
meso-analysis, 26, 29, 52, 64, 74
Methodenstreit, 16
Mises, Ludwig von, 7, 35, 42, 45, 136
Mithoff, Theodor, 146
money
aggregate supply, 5960, 1089
aggregate demand for, 323, 34, 57,
5960, 803
see also selling group demand for
circulating, 31, 34, 47, 61, 62, 66, 68,
734, 79, 86, 87, 95, 97, 1045,
1089, 124, 127, 130
circulation of, 28, 39, 44, 46, 54, 57, 58,
61, 624, 68, 69, 71, 72, 79, 123
demand per se for, 32, 33, 38, 46, 47, 57,
70, 74, 76, 78, 123
see also encaisse desire
distribution of, 8, 57, 58, 60, 61, 64,
678, 71, 75, 78, 79, 83, 156,
effectiveness of, 8, 12, 28, 58, 6879, 90,
109, 124, 153, 155
individual demand for, 347, 545
medium of exchange, 33, 34, 35, 39, 42,
54, 70, 71, 89, 101, 122
technology of circulation, 69

193

technology of exchange, 35, 87

individual utility of, 378
organizational function, 4, 38, 40, 50, 64,
70, 757, 78, 83, 153
social utility of, 33, 3840
subjective value of, 11, 457, 54
time dimension of, 32, 37, 42
use value of, 38, 39, 42, 45, 46
utility of, 27, 32, 33, 357, 3740, 53,
79, 107, 122
value of, 402, 779, 103, 111, 112,
1224
velocity of circulation of, 28, 43, 44, 46,
47, 54, 58, 614, 6872, 75, 76, 79,
90
monetary issue, 59, 75, 86, 91, 95, 104
multiple, 8, 60, 62, 67, 86, 94, 108
monetary paradox, 968, 107, 109
monetary service, 313, 35, 3740, 45, 47,
85, 88
Moore, Henry Ludwell, 141
Morishima, Michio, 80

Copyright
objectivism, 25, 29, 111
organization,
dynamic, 149
economic, 226, 40, 68, 736, 78, 81,
85, 124, 150, 154
see also money, organizational function

Palomba, Giuseppe, 81
Pantaleoni, Maffeo, 4, 6, 1620, 25, 42, 55,
148
Papi, Giuseppe Ugo, 129, 135, 136, 13840,
1445
Pareto, Vilfredo, 4, 6, 17 20, 24, 27, 63,
802, 106, 119, 125, 132
circulation of lites, 120
Paretian economists, 6, 18, 28, 81
Pareto law, 63, 802, 119
Pigou, Arthur Cecil, 50, 71, 136, 138
Price
expected, 8, 33, 35, 41, 43, 45, 46, 49,
52, 53, 60, 74, 86, 87, 89, 90, 96, 98,
99103, 105, 109, 124, 127, 128,
154, 155
index, 725
production

194

Money as Organization, Gustavo Del Vecchios Theory

capital intensive, 48, 107

productivity, 13, 17, 41, 52, 53, 99, 127,
137, 143
marginal, 113, 115
profit, 12, 76, 102, 117, 121, 124, 127, 131,
133, 134, 13549, 154, 155
psychological time, 44
quantity theory, 43, 5862, 645, 69, 725,
96, 102, 106, 123
realism
causal, 5
scientific, 6, 279
relationships
economic, 3, 9, 12, 217, 28, 53, 58, 70,
87, 149, 150, 151, 153
economic coefficient, 22, 258, 132,
research orders, 14, 126, 150
Resta, Manlio, 129, 1323
Reisch, Richard, 135
Ricardo, David, 4, 12, 16, 17, 24, 26, 63, 89,
99, 129, 156
risk, 74, 76, 95, 135, 136
irreducible, 1469
unmisurable, 55
Rist, Charles, 32
Roscher, Wilhelm, 13

see also aggregate demand for money

main selling group, 51, 658, 727, 79,
82, 115, 155
Senior, Nassau W., 39
Skidelsky, Robert, 64
Slutsky, Eugen, 141
Sombart, Werner, 121, 125, 136
Spiethoff, Arthur, 13, 14, 125, 128
Stuart Mill, John, 17
subjectivism, 3, 16, 25, 29, 111, 113
Supino, Camillo, 5, 129, 130
Surany-Unger, Theo, 112
Swedish School, 55
theory and history, 1214
Thornton, Henry, 99
Thnen, Johann Heinrich von, 24
time
expectation, 44
irreversible, 11, 15
psychological, 44
remote, 46, 47, 52, 55
Tugan-Baranovsky, Mikhail, 128, 130

Copyright
Salin, Edgar, 14
saving, 8, 13, 32, 72, 79, 96, 101, 103,
11113, 11524, 126, 131, 134, 135,
139, 141, 142, 154
Schumpeter, Joseph Alois, 7, 17, 71, 114,
136, 137, 143, 145, 146, 156
selling group, 8, 51, 6470, 725, 779, 81,
86, 87, 93, 108
demand for money, 725

uncertainty, 3, 8, 11, 27, 45, 47, 70, 82, 104,

123, 124, 132, 137, 138, 140, 154, 155,
156
irreducible, 9, 55, 135, 1469, 155
unified science, 12
Verri, Pietro, 4
Walras, Lon, 4, 7, 11, 17, 18, 24, 313, 38,
45, 123, 146
Wicksell, Knut, 7, 64, 88, 95, 101, 111
Wieser, Friedrich von, 7, 39
Whitehead, Alfred North, 150
Yule, Udny, 141