catallactics

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/ˌkætəˈlæktɪks/

noun

A form of political economics based on the science of exchange.

OriginAncient Greek καταλλάσσω →
Scrabble 18
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Meanings

nouncatallactics (uncountable)
  1. uncountableeconomicsA form of political economics based on the science of exchange.

    Catallactics is thus «the order brought about by the mutual adjustment of many individual economies in a market»[…]

    2005, Raimondo Cubeddu, The Philosophy of the Austrian School, Routledge, →ISBN, page 98

Origin

  1. Ancient Greekκαταλλάσσω“to exchange, reconcile”
  2. Englishcatallactics

Literally, “science of exhanges”, from Ancient Greek καταλλάσσω (katallássō, “to exchange, reconcile”). Probably coined by British economist Richard Whately in 1831.

More words from Ancient Greek

Full word history & related roots →
Cite this entry
APA

catallactics. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/catallactics

MLA

“catallactics.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/catallactics. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “catallactics,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/catallactics.

Source: catallactics on Wiktionary, CC BY-SA 4.0.