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 of exchange

Etymologies

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Examples

  • 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.

    The Austrian Economists: 2007

Comments

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  • 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