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I do not deny that group decisions may often be reached only at the cost of the loss of the individual's freedom to choose and, concomitantly, to refuse to make a choice. What I wish to point out is that group decisions actually are worth that cost much less frequently than it woud appear to a superficial observer.
 
Leoni, Bruno
Freedom and the Law
1961 , p. 14

 

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Cato Institute

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Catallaxy ® Institute - c/o GFI Treuhand, via Maistra 7, 7500 St. Moritz (CH) - login - © 2010

"A catallaxy is thus the special kind of spontaneous order produced by the market through people acting within the rules of the law of property, tort and contract".F. A. von Hayek, Law Legislation and Liberty (London, 1982), Vol. 2 (1976), pp. 108-109.