Catallactics is a theory of the way the free market system reaches exchange ratios and prices.[1][2][3][4] It aims to analyse all actions based on monetary calculation and trace the formation of prices back to the point where an agent makes his or her choices.[5] It explains prices as they are, rather than as they "should" be. The laws of catallactics are not value judgments, but aim to be exact, empirical, and of universal validity. It was used extensively by the Austrian School economist Ludwig von Mises.[6]
^"catallactics". Oxford English Dictionary third edition. Oxford University Press. December 2002. Retrieved 3 October 2023.
^"s.v. catallactics". The Oxford English Dictionary: Being a Corrected Re-Issue of with An Introduction, Supplement and Bibliography of a New English Dictionary on Historical Principles. Vol. 2 C. Oxford: Clarendon Press. 1933. p. 170. Retrieved 3 October 2023 – via Internet Archive.
^Rothbard, Murray N. (2008). "catallactics". In Durlauf, Steven N.; Blume, Lawrence E. (eds.). The New Palgrave Dictionary of Economics. Vol. 1 (2nd ed.). New York, NY: Palgrave Macmillan. pp. 704-705 – via Internet Archive.
^Rutherford, Donald (2002). "catallactics". Routledge Dictionary of Economics (2nd ed.). London and New York: Routledge. p. 75 – via Internet Archive.
^Kirzner, Israel M. (2001). Ludwig von Mises: The Man and His Economics. Wilmington, Delaware: ISI Books. pp. 93-.
The term catallactics or catallaxy, respectively, comes from the Greek verb καταλλάσσω which means to exchange, to reconcile. Catallactics is a praxeological...
goods of higher orders, cost accounting, and logical catallactics versus mathematical catallactics. The pricing process in an organized market is determined...
(Crusoe Economics) B. The Theory of Voluntary Interpersonal Exchange (Catallactics, or the Economics of the Market) 1. Barter 2. With Medium of Exchange...
Catallaxy or catallactics is an alternative expression for the word "economy". Whereas the word economy suggests that people in a community possess a common...
adjustment that generates a social order in an unintendedly way is known as catallactics. For Hayek and the Austrian School, the number of individuals involved...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Fetter Weber Say Kant Freud Contributions Austrian business cycle theory Catallactics Economic calculation problem Methodological dualism Praxeology Quantity...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
designing a camp. Catacoustics – science of echoes or reflected sounds. Catallactics – science of commercial exchange. Catechectics – art of teaching by question...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
unimaginable type." Free price system Regulated market Planned economy Catallactics Economic calculation debate Economic history History of economic thought...
towards society, that has been overcome by the survival capacity of the catallactic order and its values. The third Hayekian critique is about the unfeasibility...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
Brentano Methodenstreit Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation...
classification. Especially, the Austrian economist attempted to develop a catallactic theory of money out of Claim Theory. Schumpeter's theory had several...
theory, seeing economics in terms of actions (praxeology) and exchanges (catallactics). Tracy's influence can be seen both on the Continent (particularly on...