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What happened with the apparent victory of the democratic ideal was that the power of laying down lawsand the governmental power of issuing directions were placed into the hands of the same assemblies
 
Hayek, F.A.
Law, Legislation and Liberty (Vol. 3)
1982 , p. 101

 

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Prof. Cubeddu (Vico Pancellorum, 25.11.10)

   
 

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Prof. Pascal Salin (Paris, 18.5.09)

 

 


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"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.