The paper provides an account of the pragmatist philosophical conception of „panrelationism“ as the basis of the ethical theories of altruism and reciprocity. The author maintains that ethics is deeply rooted in ontology (metaphysics). The Deweyan concept of the transaction is outlined as well. The author attempts to show that altruism is not necessarily only reciprocal. It demands as its supplement (at least) altruism without reciprocation.