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

Author

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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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    1. is not listed on IDEAS
    2. 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.
    3. Louis de Mesnard, 2024. "Input-output price indexes: forgoing the Leontief and Ghosh models," Economic Systems Research, Taylor & Francis Journals, vol. 36(2), pages 201-225, April.
    4. PARYS, Wilfried, 2018. "Labour values and energy values," Working Papers 2018006, University of Antwerp, Faculty of Business and Economics.
    5. 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.
    6. 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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    JEL classification:

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

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