“Our daily bread”: Maurice Potron, from Catholicism to mathematical economics
AbstractMaurice Potron (1872-1942) is a French Jesuit and mathematician whose main source of inspiration in economics is the encyclical Rerum Novarum. With virtually no knowledge in economic theory, he wrote down a linear model of production in which he formalized the notions of just prices and just wages. As early as 1911, he used the Perron-Frobenius theorem to prove the existence of a positive solution and established a duality result between the quantity side and the price side of the model. He returned to economics in the 1930s, but in both periods he failed to make a lasting impression upon economists.
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Bibliographic InfoPaper provided by University of Antwerp, Faculty of Applied Economics in its series Working Papers with number 2007007.
Length: 44 pages
Date of creation: Apr 2007
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Potron; Just prices; Just wages; Catholic doctrine; Perron-Frobenius; Hawkins-Simon; Duality; Linear model of production; Social question;
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- Christian Bidard & Guido Erreygers & Wilfried Parys, 2009. "'Our daily bread': Maurice Potron, from Catholicism to mathematical economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, Taylor & Francis Journals, vol. 16(1), pages 123-154.
- B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
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- PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Applied Economics.
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