Relating to catallactics, the branch of economics dealing with exchange and the mutual adjustment of supply and demand.
From Greek katallagē meaning 'exchange' or 'reconciliation,' from kata- (denoting change) + allassein (to change). This term was popularized by 19th-century economists.
The Austrian School of economics revived the term 'catallactic' to emphasize that markets are about mutual benefit and exchange, not zero-sum competition—it's a philosophical distinction that still influences how economists think about capitalism.
Complete word intelligence in one call. Free tier — 50 lookups/day.