Catallactic competition

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Catallactic competition is the peaceful competition of the market economy wherein each participant seeks his own satisfaction in striving to excel in some contribution that will best satisfy the needs or desires of his fellow participants in a market society. Catallactic competition tends to produce the greatest possible satisfaction of consumers by assigning each individual in a voluntary society that function in which be can render to all his fellow men the most valuable of the services he is able to perform.[1]


  1. Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-06-28.