The Analysis of Linear Economic Systems: Father Maurice Potron's Pioneering Works: 117 (Routledge Studies in the History of Economics)
Language: English
Published by Routledge, 2010
Series: Book 203 of 232 - Routledge Studies in the History of Economics
- First Edition
- Hardcover
- New
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- Title
- The Analysis of Linear Economic Systems: Father Maurice Potron's Pioneering Works: 117 (Routledge Studies in the History of Economics)
- Publisher
- Routledge
- Publication year
- 2010
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0415473217
- ISBN 13
- 9780415473217
- Edition
- 1st Edition
- Series
- Book 203 of 232: Routledge Studies in the History of Economics
Maurice Potron (1872-1942), a French Jesuit mathematician, constructed and analyzed a highly original, but virtually unknown economic model. This book presents translated versions of all his economic writings, preceded by a long introduction which sketches his life and environment based on extensive archival research and family documents.
Potron had no education in economics and almost no contact with the economists of his time. His primary source of inspiration was the social doctrine of the Church, which had been updated at the end of the nineteenth century. Faced with the ‘economic evils’ of his time, he reacted by utilizing his talents as a mathematician and an engineer to invent and formalize a general disaggregated model in which production, employment, prices and wages are the main unknowns. He introduced four basic principles or normative conditions (‘sufficient production’, the ‘right to rest’, ‘justice in exchange’, and the ‘right to live’) to define satisfactory regimes of production and labour on the one hand, and of prices and wages on the other. He studied the conditions for the existence of these regimes, both on the quantity side and the value side, and he explored the way to implement them.
This book makes it clear that Potron was the first author to develop a full input-output model, to use the Perron-Frobenius theorem in economics, to state a duality result, and to formulate the Hawkins-Simon condition. These are all techniques which now belong to the standard toolkit of economists. This book will be of interest to Economics postgraduate students and researchers, and will be essential reading for courses dealing with the history of mathematical economics in general, and linear production theory in particular.
"Synopsis" may belong to another edition of this title.
About the Author
Christian Bidard is Professor of Economics at the University of Paris Ouest, France.
Guido Erreygers is Professor of Economics at the University of Antwerp, Belgium.
"About the title" may belong to another edition of this title.
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