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In the image to receive a satisfaction maximum. The pure theory of an exchange
Considers two parties, each of which possesses the defined
Quantity of the goods also wishes to get the goods of other party. Everyone
The party changes a part of the goods for a part of the goods of the partner until then,
While the further acquisition of the next portion of the goods does not demand from it
- a victim, than value of this acquisition for it. It is possible to tell,
That by this moment each party receives the most satisfying it
Set of the goods and, in a sense, satisfaction of both parties
It is maximised. Reasonings of prof. Nogaro in "La Valeur Logique des see
Theories Economiques "(Paris, " La Theorie du Maximum de
Satisfactions "., chap. IX, 1947) a little fantastic theory of the general balance
Extends the pure theory of an exchange for a case of a great number of people and
Considerable quantity of the goods. The general balance is aesthetic and
Mathematical optimum which economists are inclined expressly or by implication
To consider a satisfaction optimum. Such belief really is
Intuitive necessity for the economist. Postulating that the economic
The behaviour is defined by aspiration of everyone to maximisation personal
Satisfactions, and, asserting that any balance in an exchange is
The best compromise between satisfactions of the parties, also that thereby
Balance maximises the sum of their satisfactions, they have come to a conclusion,
What is the balance is the best status from the point of view
The separate person, and from the point of view of a society as a whole is optimum
Combination of individual achievements. "Economy of Welfare"., chap. VIII, 5 March 1948), See discussion of Samuelsona in
"Foundations of Economic Analysis" (Cambridge From this that the general balance is optimum
Combination, logically follows that any deviation from the general balance
Will call prevalence of growth of a dissatisfaction over growth
Satisfactions. Thus, as soon as to the general balance it is given
Psychological interpretation, it is necessary to compare degrees
Satisfactions of different individuals or, at least, change in these
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