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Mathematical investigations in the theory of value and prices / by Irving Fisher
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in the theory of value and prices..

57

In the more general case there are n individuals and m comm odities.

Fig. 15 simply connects fig. 9 and fig. 12 by a series of new leverslike that in fig. 14, so that for each individual the ordinates of theproduction cistern and its consumption cistern shall be equal. Thereare also analogous horizontal levers (fig. 16) to keep the price for

16 .

consumers equal to that for producers. The stoppers are all duplicateas in fig. 14 for each commodity. Moreover there are analogousduplicate pistons to keep each individuals incomes and expendituresequal.

The industrial machinery is now seen to be self-regulative. Thereis no arbitrary assignment of incomes or of commodities. The only