Category: Words

Wonderous World of Words = Catallaxy

Catallaxy is a word referring to “the economy”, used by Friedrich Hayek and influenced by Ludwig von Mises’ word “Catallactics”.ย  The word, catallaxy, refers to more than “household management” – which is what the Greek-root of the word economy actually means.ย  Dating back to Aristotle, the concept of […]