Sunday, November 6, 2011

Catallaxy

Hayek derived the word "Catallaxy" (Hayek's suggested Greek construction would be rendered καταλλαξία) from the Greek verb katallasso (καταλλάσσω) which meant not only "to exchange" but also "to admit in the community" and "to change from enemy into friend." http://en.wikipedia.org/wiki/Catallactics

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