catallaxy
/ˈkætəˌlæksi/
catallaxy noun: a high-interaction society of collective decision making.
Noun
catallaxy (countable and uncountable, plural catallaxies)
- A high-interaction society of collective decision making.
- Catallaxy is distinguished from conventional political science by its focus on the science of complex exchanges. Whereas catallaxy views politics and the political process in terms of the voluntary exchange paradigm, the focus of political science is on the nonvoluntary relationships among...1997, Nicholas Mercuro, Steven G. Medema, Economics and the Law: From Posner to Post-modernism, Princeton University Press, →ISBN, page 95
- It would be possible to depict the catallaxy as seen from the perspective of any particular entrepreneur or enterprise. This depiction would show the main features of that enterprise's operation within the catallaxy. But that enterprise is embedded with a catallaxy of myriad other enterprises, each...2015, Christopher J. Coyne, Virgil Henry Storr, editors, New Thinking in Austrian Political Economy, Emerald Group Publishing, →ISBN, page 102
Examples of catallaxy in a sentence
- Catallaxy is distinguished from conventional political science by its focus on the science of complex exchanges.1997, Nicholas Mercuro, Steven G. Medema, Economics and the Law: From Posner to Post-modernism, Princeton University Press, →ISBN, page 95:
- It would be possible to depict the catallaxy as seen from the perspective of any particular entrepreneur or enterprise.2015, Christopher J. Coyne, Virgil Henry Storr, editors, New Thinking in Austrian Political Economy, Emerald Group Publishing, →ISBN, page...
Forms of catallaxy
| plural | catallaxies |
|---|
Origin of catallaxy
From Ancient Greek καταλλάσσω (katallássō, “to exchange”). Popularized by economist Friedrich Hayek.
Questions about catallaxy
- What does catallaxy mean?
- Catallaxy means a high-interaction society of collective decision making.
- How do you use catallaxy in a sentence?
- Catallaxy is distinguished from conventional political science by its focus on the science of complex exchanges.
- What part of speech is catallaxy?
- Catallaxy is a noun.
- How do you pronounce catallaxy?
- Catallaxy is pronounced /ˈkætəˌlæksi/.
- What is the plural of catallaxy?
- The plural of catallaxy is catallaxies.
Words near catallaxy in the dictionary
Source and license
Adapted from Wiktionary: catallaxy (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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Cite this entry: “catallaxy.” Word.ws, https://word.ws/catallaxy. Based on Wiktionary, CC BY-SA 4.0.