Economics Dictionary of ArgumentsHome
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| Catallactics: Catallactics is the study of market exchange processes and how individuals' voluntary interactions determine prices, production, and distribution in an economy. Coined by Ludwig von Mises, it emphasizes the role of subjective value, entrepreneurship, and decision-making in a free market, contrasting with broader definitions of economics that include non-market activities. See also Praxeology._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Murray N. Rothbard on Catallactics - Dictionary of Arguments
Rothbard III 73 Def Catallactics/Rothbard: Catallactics is the analysis of interpersonal exchange. Rothbard III 170 In catallactics, the past is of no interest. Rothbard III 216 The important fact for catallactics is that a man always chooses a bundle of money income plus other psychic factors and that he will maximize his money income only if psychic factors are neutral with respect to his choices. Rothbard III 222 Catallactics is interested in the exchangable resources. Rothbard III 600 Labour: Catallacticaly labour is the personal energy of nonowners in production, and this factor receives wages. >Labour/Rothbard, >Production/Rothbard. Rothbatrd III 628 Methodology: (…) for purposes of catallactic market analysis, it may be vonvenient to separate man as a producer from man as a consumer (…). Rothbard III 679 Brand name: Catallactically, the brand name represents the decision-making rent accruing to the owner and his name. >Rent/Rothbard. Rothbard III 697 Monopolies: a monopoly (…) has no catallactic significance._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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