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In any phase of progress the rich, by experimenting with new styles of living not yet accessible to the poor, perform a necessary service without which the advance of the poor would be very much slower. (…) There is no way of making generally accessible new and still expensive ways of living except by their being initially practiced by some.
 
Hayek, Friedrich A.
The Constitution of Liberty
1960 , p. 45

 

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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.