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catallactics. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Literally, “science of exhanges”, from Ancient Greek καταλλάσσω (katallássō, “to exchange, reconcile”). Probably coined by British economist Richard Whately in 1831.
Pronunciation
Noun
catallactics (uncountable)
- (economics) A form of political economics based on the science of exchange.
2005, Raimondo Cubeddu, The Philosophy of the Austrian School, Routledge, →ISBN, page 98:Catallactics is thus «the order brought about by the mutual adjustment of many individual economies in a market» […]