On Savings Banks: Modeling the Diffusion of the Savings Banks Idea in Italy and the Performance of these Banks over Two Centuries
Marchetti, C., 1991 , International Institute for Applied Systems Analysis, Laxenburg, Austria Abstract The banking system represents a compensation room for an intricate web of social relations, aiming at the transfer of options between present and future, and keeping the books for these operations. The will of the individual appears dispersed into the intricacies, and the dynamics of the system largely unpredictable. As it will appear in this work, where the tools of systems analysis have been applied for the first time, the banking system is more of a clockwork containing its future in its mechanisms, and explicitates this future with secular selfconsistency.
As our historical analysis shows, the complexity of the system is reducible to a set of Chinese
boxes, into which simple structures are hierarchically organized in fractal order. Taking again the analogy of the watch, the complexity of the machine can be reduced to a hierarchy (quasi fractal) of simple gears.
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