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Between 1909-17, Gustavo Del Vecchio 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.

Empirical laws are rare in economics. This book describes efforts to anchor economic knowledge to invariant empirical laws. Then there are celebrities like Pareto and his first empirical law governing the distribution of wealth.