Catallactics
id:
catallactics-310-7519588
title:
Catallactics
text:
Catallactics is a theory of the way the free market system reaches exchange ratios and prices. 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. 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.
brand slug:
wiki
category slug:
encyclopedia
description:
Theory about the free market system in economies
original url:
https://en.wikipedia.org/wiki/Catallactics
date created:
date modified:
2024-02-01T14:50:58Z
main entity:
{"identifier":"Q1735584","url":"https://www.wikidata.org/entity/Q1735584"}
image:
fields total:
13
integrity:
14