Definitions
from The Century Dictionary.
- noun The science of exchanges: adopted by Whately as a designation of political economy.
from the GNU version of the Collaborative International Dictionary of English.
- noun The science of exchanges, a branch of political economy.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun economics A form of
political economics based on the science ofexchange
Etymologies
Sorry, no etymologies found.
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Examples
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Adam Smith talked about the bargaining process, Hayek used the term catallaxy to describe the market order, and Mises suggested that market theory and the price system can be captured under the heading catallactics.
qms commented on the word catallactics
They honor Ayn Rand and von Mises
So know naught of judgment in crisis.
In true catallactics
The salient fact is
Invariant truth fits all sizes.
October 16, 2017