# catallactics The theory of the market economy (see lexicon below for complete explanation). >[!Ref] Lexicon ># catallactics > (noun) Also see [catallactic](https://www.freemarketcenter.com/lexicon/index.html#catallactic) adj. > The theory of the market economy, i.e., of exchange ratios and [prices](https://www.freemarketcenter.com/lexicon/index.html#price). It analyzes all actions based on monetary calculation and traces the formation of [prices](https://www.freemarketcenter.com/lexicon/index.html#price) back to the point where acting man makes his choices. It explains market [prices](https://www.freemarketcenter.com/lexicon/index.html#price) as they are and not as they should be. The laws of catallactics are not value judgments, but are exact, objective and of universal validity. > [[Epistemological Problems of Economics - Mises (EP)]] 88-89, 149, 208; [[Human Action - Mises (HA)]] 234,327-28,646,650,652. # References / Links Also: [catallactic] [[catallactic competition]] [[catallactic unemployment]] > [!Info]- Ignore dataview >## Backlink >Ignore this dataview. Plugins don't work on the website >```dataview Table Status, type as "Type" from [[]] and !outgoing([[]]) sort file.name asc >```