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- Catallaxy abstract "Catallaxy or catallactics is an alternative expression for the word "economy". Whereas the word economy suggests that people in a community possess a common and congruent set of values and goals, catallaxy suggests that the emergent properties of a market (prices, division of labor, growth, etc.) are the outgrowths of the diverse and disparate goals of the individuals in a community. Catallaxy is derived from the Greek verb katalatto, which means “to exchange,” or “to become reconciled with,” or “to admit into the community,” or, “to change from an enemy into a friend.” The cognate catallaxy, therefore, refers to a pattern of mutually beneficial interaction ("friendship") that does not require that participants share the same ends.Aristotle was the first person to define the word "economy" as ‘the art of household management’. As is still a common method of explanation today, Aristotle tried to explain complex market phenomena through an analogy between a household and a state, take for example the modern analogy between the national debt of a country's government and a simple consumer's credit card debt. Aristotle used a common Greek word 'oikonomia' that meant "to direct a single household," and used it to mean the management of an entire city-state. In reality, a group of households is not an "economy" since it is not one household, but many. The word catallaxy aims to provide a more accurate and inclusive word for the market phenomenon of groups of households, in which participants are free to pursue diverse ends of their own.First discussed by Ludwig von Mises, catallaxy was later made popular by Friedrich Hayek who defines it as follows: "the order brought about by the mutual adjustment of many individual economies in a market".Catallaxy is also used to refer to a marketplace of ideas, especially a place where people holding diverse political ideologies come together to gain deeper understanding of a wide range of political orientations. Catallaxy also becomes a new dimension in software design and network architecture.".
- Catallaxy wikiPageExternalLink hayekcenter.org.
- Catallaxy wikiPageExternalLink fullsearch.pl?query=catallaxy&andor=and&sel=63.
- Catallaxy wikiPageExternalLink www.hayek.de.
- Catallaxy wikiPageExternalLink HumanActionScholars.pdf.
- Catallaxy wikiPageID "1269908".
- Catallaxy wikiPageLength "3695".
- Catallaxy wikiPageOutDegree "16".
- Catallaxy wikiPageRevisionID "678368724".
- Catallaxy wikiPageWikiLink Aristotle.
- Catallaxy wikiPageWikiLink Catallactics.
- Catallaxy wikiPageWikiLink Category:Austrian_School.
- Catallaxy wikiPageWikiLink Category:Self-organization.
- Catallaxy wikiPageWikiLink Demonstrated_preference.
- Catallaxy wikiPageWikiLink Dispersed_knowledge.
- Catallaxy wikiPageWikiLink Economy.
- Catallaxy wikiPageWikiLink Flat_organization.
- Catallaxy wikiPageWikiLink Friedrich_Hayek.
- Catallaxy wikiPageWikiLink Invisible_hand.
- Catallaxy wikiPageWikiLink Ludwig_von_Mises.
- Catallaxy wikiPageWikiLink Network_architecture.
- Catallaxy wikiPageWikiLink Revealed_preference.
- Catallaxy wikiPageWikiLink Tax_choice.
- Catallaxy wikiPageWikiLink The_Fatal_Conceit.
- Catallaxy wikiPageWikiLink The_Use_of_Knowledge_in_Society.
- Catallaxy wikiPageWikiLink Wisdom_of_the_crowd.
- Catallaxy wikiPageWikiLinkText "Catallaxy".
- Catallaxy wikiPageWikiLinkText "catallaxy".
- Catallaxy hasPhotoCollection Catallaxy.
- Catallaxy wikiPageUsesTemplate Template:Austrian_School_sidebar.
- Catallaxy wikiPageUsesTemplate Template:Reflist.
- Catallaxy subject Category:Austrian_School.
- Catallaxy subject Category:Self-organization.
- Catallaxy hypernym Expression.
- Catallaxy type Organisation.
- Catallaxy type Mechanic.
- Catallaxy type Theory.
- Catallaxy comment "Catallaxy or catallactics is an alternative expression for the word "economy". Whereas the word economy suggests that people in a community possess a common and congruent set of values and goals, catallaxy suggests that the emergent properties of a market (prices, division of labor, growth, etc.) are the outgrowths of the diverse and disparate goals of the individuals in a community.".
- Catallaxy label "Catallaxy".
- Catallaxy sameAs m.05_5s4c.
- Catallaxy sameAs Q5051301.
- Catallaxy sameAs Q5051301.
- Catallaxy wasDerivedFrom Catallaxy?oldid=678368724.
- Catallaxy isPrimaryTopicOf Catallaxy.