2007•Journal of Hubei University of EconomicsRequires access

The Equilibrium of Altruistic Behaviors in Economic Theories

Xinguo Wang

Abstract

People always analyse altruistic behaviors from the angle of ″rational man″ in the neoclassical economics.But the authors hold that altruistic behaviors can result in an equilibrium of the social and economic system and realize the maximization of individual utility in certain conditions.Altruism is a basic condition to achieve rational equilibrium for people.

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Key concepts: Altruism (biology), Economics, Microeconomics, Maximization, General equilibrium theory, Neoclassical economics, Utility maximization, Positive economics