Quotes About Catallactics

The elementary and basic approach that I suggest places "the theory of markets" and not the "theory of resource allocation" at center stage. My plea is really for the adoption of a sophisticated "catallactics,"…

Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.