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“Our daily bread”: Maurice Potron, from Catholicism to mathematical economics

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  • BIDARD, Christian
  • ERREYGERS, Guido
  • PARYS, Wilfried

Abstract

Maurice 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.

Suggested Citation

  • BIDARD, Christian & ERREYGERS, Guido & PARYS, Wilfried, 2007. "“Our daily bread”: Maurice Potron, from Catholicism to mathematical economics," Working Papers 2007007, University of Antwerp, Faculty of Business and Economics.
    • Handle: RePEc:ant:wpaper:2007007
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    References listed on IDEAS

    as
    1. Taylor, Frederick Winslow, 1911. "The Principles of Scientific Management," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number taylor1911.
    2. Lembke B., 1918. "√ a. p," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 111(1), pages 709-712, February.
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    Cited by:

    1. Oslington, Paul, 2022. "The Economics Of Bernard Lonergan: Context, Modeling, And Assessment," Journal of the History of Economic Thought, Cambridge University Press, vol. 44(2), pages 182-204, June.
    2. PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Business and Economics.
    3. PARYS, Wilfried, 2018. "Labour values and energy values," Working Papers 2018006, University of Antwerp, Faculty of Business and Economics.
    4. Kenji Mori, 2008. "Maurice Potron'S Linear Economic Model: A De Facto Proof Of ‘Fundamental Marxian Theorem’," Metroeconomica, Wiley Blackwell, vol. 59(3), pages 511-529, July.

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    More about this item

    Keywords

    Potron; Just prices; Just wages; Catholic doctrine; Perron-Frobenius; Hawkins-Simon; Duality; Linear model of production; Social question;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals

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