Catallactics

Catallactics is the study of how voluntary exchanges of goods and services create value and organize markets. It examines how individuals, acting freely and rationally, trade to satisfy their needs, which in turn influences prices and resource allocation. Essentially, it explores the dynamics of a free-market system—how supply, demand, and pricing work together without central control. By understanding catallactics, we gain insight into how cooperative exchanges lead to efficient economic outcomes and foster economic order through individual choices and interactions.