catallactics

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Definitions (2)

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  1. The science of exchanges: adopted by Whately as a designation of political economy. One eminent writer has proposed as a name for Political Economy Catallactics, or the science of exchanges. J. S. Mill, Pol. Econ., III. i. § 1.

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Etymologies (1)

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  1. from Greek καταλλακτικός, easy to reconcile, but taken in its literal sense of ‘changeable, having to do with exchange,’ from *κατάλλακτος, verbal adjective of καταλλάσσ, σ1ειν, change (money), exchange, also reconcile, from κατά, down, against, + ἀλλάσσ, σ1ειν, change, from ἀλλος—L. alius, other: see else.
 

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