Catallaxy

[Jim Choate]

Catalaxy (20th Century) Politics/Economics [1]

A theory of a desirable society, set out by the Austrian economist and
political theorist F. A. Hayek (1899-1992).

A 'catallxy' is a market order without planned ends, characterized by the
'spontaneous order' which emerges when individuals pursue their own ends
within a framework set by law and tradition. The function of government is
to maintain the rule of law which guarantees fair and equal procedures,
but is neutral as to goals.

F. A. Hayek , Legislation and Liberty (London, 1982)

[1] Dictionary of Theories
    J. Bothamley
    ISBN 1-57859-045-0

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