Title
Our daily bread: Maurice Potron, from catholicism to mathematical economics Our daily bread: Maurice Potron, from catholicism to mathematical economics
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Andover ,
Subject
Economics
Source (journal)
The European journal of the history of economic thought. - Andover
Volume/pages
16(2009) :1 , p. 123-154
ISSN
0967-2567
1469-5936
ISI
000265302800005
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
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
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