‘Our daily bread’: Maurice Potron, from Catholicism to mathematical economics

Bidard, Christian; Erreygers, Guido; Parys, Wilfried

doi:10.1080/09672560802707456

Cited by 18 publications

(3 citation statements)

References 14 publications

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“…(1872–1942) developed to determine conditions for capitalist firms to be viable and for a living wage to be paid to workers. Potron’s economic research had been receiving attention from economists after the valuable translation and contextualization work of Christian Bidard and Guido Erreygers (see the texts in Potron, Bidard, and Erreygers 2010; commentary in Bidard, Erreygers, and Parys 2009; and commentary in Bidard and Erreygers 2016). Maurice Potron was part of a wealthy devout Catholic family, who studied engineering, then joined the Jesuits and spent most of his adult life teaching mathematics in Catholic institutions.…”

Section: Contextual Assessment Of Lonergan’s Economicsmentioning

confidence: 99%

The Economics of Bernard Lonergan: Context, Modeling, and Assessment

Oslington¹

2022

J Hist Econ Thought

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Bernard Lonergan S.J. (1904–1984) is unusual among major theologians in engaging deeply with economic theory. In the 1940s he developed his own dynamic multisectoral macroeconomic model, informed by readings of Adam Smith, Karl Marx, John Maynard Keynes, Friedrich Hayek, Joseph Schumpeter, and later Michal Kalecki. Lonergan’s economic research is little known because the economic manuscripts were not published in his lifetime and his interactions with professional economists were limited. In the 1970s, however, when he returned to economics he engaged with post-Keynesians and taught a graduate course on macroeconomics at Boston College until illness overtook him. This paper places Lonergan’s economic research in the context of his overall intellectual project, outlines his macroeconomic model and associated theory of the business cycle, then evaluates his contribution in relation to mid-twentieth-century macroeconomics and considers whether it has anything to offer contemporary economists. Whatever view we take of his theoretical contributions, Lonergan’s work opens up connections between economics and theology.

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Section: Contextual Assessment Of Lonergan’s Economicsmentioning

confidence: 99%

The Economics of Bernard Lonergan: Context, Modeling, and Assessment

Oslington¹

2022

J Hist Econ Thought

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“…A decade or two ago, the writings of Maurice Potron-a French mathematician and Jesuit who wrote at the beginning of the last century-were rediscovered and republished. It is amazing to see how his faith and his search for a 'just price' could push him to elaborate a theory of prices of production and to find a mathematical solution for the existence of a system of equilibriumrelative prices-he used the Perron-Frobenius theorem as early as 1911 (Bidard, et al 2009). It is striking too to see how Potron used, without knowing his writings, almost the same words as Boisguilbert.…”

Section: What Does Theology Have To Do With Economics?mentioning

confidence: 99%

In pursuit of the rarest of birds: an interview with Gilbert Faccarello

Faccarello

Hengstmengel²,

Wells³

2014

EJPE

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“…This paper has also benefited from the useful comments of referees of this journal. One of the referees kindly referred me to a forthcoming title (Bidard et al. , 2009).…”

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confidence: 99%

MAURICE POTRON'S LINEAR ECONOMIC MODEL: A DE FACTO PROOF OF ‘FUNDAMENTAL MARXIAN THEOREM’

Mori

2008

Metroeconomica

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Maurice Potron was a French mathematician whose largely unknown contributions to economic analysis should be acknowledged as pioneering achievements. The purpose of this paper is to (1) reconstruct Potron's core model in terms of modern input-output analysis, (2) show that Potron proved de facto Fundamental Marxian Theorem (FMT) 48 years earlier than Morishima, Seton and Okishio by adapting the Perron-Frobenius theorems to economic problems, and (3) claim that Potron proved de facto FMT by considering heterogeneous labours 65 years earlier and even more generally than Bowles and Gintis.

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‘Our daily bread’: Maurice Potron, from Catholicism to mathematical economics

Cited by 18 publications

References 14 publications

The Economics of Bernard Lonergan: Context, Modeling, and Assessment

The Economics of Bernard Lonergan: Context, Modeling, and Assessment

In pursuit of the rarest of birds: an interview with Gilbert Faccarello

MAURICE POTRON'S LINEAR ECONOMIC MODEL: A DE FACTO PROOF OF ‘FUNDAMENTAL MARXIAN THEOREM’

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