Market exchange was conceived as transforming enemies into friends.
Evidence
Variants of Hirschman’s thesis run through Mises’s argument that, if not for the greater productivity of the division of labour, there would be no sentiments of sympathy or good will, but only ‘endless bloody fighting’. It is central to Hayek’s description of the market as a ‘catallaxy’ – a term derived from the Greek verb katallatein, which meant both to exchange and ‘to turn from an enemy into a friend’. — Jessica Whyte, The Morals of the Market, 35
Categorization
- DEFINE: Catallaxy/catallatein etymology is a precise conceptual definition shared across neoliberal thinkers.
- CANDY: The market term ‘catallaxy’ traces to a Greek verb literally meaning ‘to turn an enemy into a friend’ - a compact conversational gem.
- XREF: connects to: An enemy can be converted into an ally through fair dealing and respect — , A Year of World Stories, 13079
Broader Connections
- An enemy can be converted into an ally through fair dealing and respect
#corroborates(0.85) — , A Year of World Stories, 13079