![[In order to define the distinction between a grant and an exchange transaction, Boulding has used the net worth criterion] If there is no decrease in the net worth of either party, the transaction is exchange; if there is, it contains some grant element and is an explicit or implicit grant. (Kenneth Boulding)](https://cdn.quotesdtb.com/img/quotes_images_webp/73/kenneth-boulding-criterion-decrease-422473.webp)
[In order to define the distinction between a grant and an exchange transaction, Boulding has used the net worth criterion] If there is no decrease in the net worth of either party, the transaction is exchange; if there is, it contains some grant element and is an explicit or implicit grant.
Kenneth BouldingRelated topics
criterion define element grant net order party worthRelated quotes
In order to correctly define art, it is necessary, first of all, to cease to consider it as a means to pleasure and consider it as one of the conditions of human life. ...Reflecting on it in this way, we cannot fail to observe that art is one of the means of affective communication between people.
Leo Tolstoy
I don't at all want to resemble some of these young designers who ask hallucinating prices for rags that are so in fashion now, that six months later, they are old-fashioned! I love vintage boutiques, I love to customize my clothes. And then, with my friends, we regularly exchange togs.
Milla Jovovich
Not very long ago some one invented the assertion that there were only "Four Hundred" people in New York City who were really worth noticing. But a wiser man has arisen - the census taker - and his larger estimate of human interest has been preferred in marking out the field of these little stories of the "Four Million."
O. Henry