The Analysis of Linear Economic Systems: Father Maurice Potron’s Pioneering Works PDF
Preview The Analysis of Linear Economic Systems: Father Maurice Potron’s Pioneering Works
The Analysis of Linear Economic Systems Maurice Potron (1872–1942), a French Jesuit mathematician, constructed and analysed a highly original, but virtually unknown economic model. This book presents translated versions of all his economic writings, preceded by a long introductionwhichsketcheshislifeandenvironmentbasedonextensivearchival researchandfamilydocuments. Potronhadnoeducationineconomicsandalmostnocontactwiththeeconomists ofhistime.HisprimarysourceofinspirationwasthesocialdoctrineoftheChurch, which had been updated at the end of the nineteenth century. Faced with the ‘economicevils’ofhistime,hereactedbyutilizinghistalentsasamathematician andanengineertoinventandformalizeageneraldisaggregatedmodelinwhich production,employment,pricesandwagesarethemainunknowns.Heintroduced fourbasicprinciplesornormativeconditions(‘sufficientproduction’,the‘rightto rest’,‘justiceinexchange’,andthe‘righttolive’)todefinesatisfactoryregimes ofproductionandlabourontheonehand,andofpricesandwagesontheother. Hestudiedtheconditionsfortheexistenceoftheseregimes,bothonthequantity sideandthevalueside,andheexploredthewaytoimplementthem. ThisbookmakesitclearthatPotronwasthefirstauthortodevelopafullinput– outputmodel,tousethePerron–Frobeniustheoremineconomics,tostateaduality result,andtoformulatetheHawkins–Simoncondition.Thesearealltechniques which now belong to the standard toolkit of economists. This book will be of interesttoEconomicspostgraduatestudentsandresearchers,andwillbeessential readingforcoursesdealingwiththehistoryofmathematicaleconomicsingeneral, andlinearproductiontheoryinparticular. PaulA.Samuelson’sshortforewordtothebookmayhavebeenhislastacademic contribution. 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. Routledge studies in the history of economics 1 EconomicsasLiterature 8 TheHistoryofGameTheory, WillieHenderson Vol1 Fromthebeginningsto1945 2 SocialismandMarginalismin RobertW.DimandandMaryAnn Economics1870–1930 Dimand EditedbyIanSteedman 9 TheEconomicsofW.S.Jevons 3 Hayek’sPoliticalEconomy SandraPeart Thesocio-economicsoforder SteveFleetwood 10 Gandhi’sEconomicThought AjitK.Dasgupta 4 OntheOriginsofClassical Economics 11 EquilibriumandEconomic Distributionandvaluefrom Theory WilliamPettytoAdamSmith EditedbyGiovanniCaravale TonyAspromourgos 12 AustrianEconomicsinDebate 5 TheEconomicsofJoan EditedbyWillemKeizer,Bert Robinson TiebenandRudyvanZijp EditedbyMariaCristina Marcuzzo,LuigiPasinetti 13 AncientEconomicThought andAlesandro EditedbyB.B.Price Roncaglia 14 ThePoliticalEconomyof 6 TheEvolutionistEconomicsof SocialCreditandGuild LéonWalras Socialism AlbertJolink FrancesHutchinsonandBrian Burkitt 7 Keynesandthe‘Classics’ Astudyinlanguage, 15 EconomicCareers epistemologyandmistaken Economicsandeconomistsin identities Britain1930–1970 MichelVerdon KeithTribe 16 Understanding‘Classical’ 25 Marx’sConceptofMoney:The Economics GodofCommodities Studiesinthelong-periodtheory AnitraNelson HeinzKurzandNeriSalvadori 26 TheEconomicsofJames 17 HistoryofEnvironmental Steuart EconomicThought EditedbyRamónTortajada E.Kula 27 TheDevelopmentof 18 EconomicThoughtin EconomicsinEuropesince Communistand 1945 Post-CommunistEurope EditedbyA.W.BobCoats EditedbyHans-JürgenWagener 28 TheCanonintheHistoryof 19 StudiesintheHistoryofFrench Economics PoliticalEconomy Criticalessays FromBodintoWalras EditedbyMichalisPsalidopoulos EditedbyGilbertFaccarello 29 MoneyandGrowth 20 TheEconomicsofJohnRae SelectedpapersofAllynAbbott EditedbyO.F.Hamouda,C.Lee Young andD.Mair EditedbyPerryG.Mehrlingand RogerJ.Sandilands 21 KeynesandtheNeoclassical Synthesis 30 TheSocialEconomicsof EinsteinianversusNewtonian Jean-BaptisteSay macroeconomics Marketsandvirtue TeodoroDarioTogati EvelynL.Forget 22 HistoricalPerspectiveson 31 TheFoundationsof Macroeconomics Laissez-Faire Sixtyyearsafterthe‘General TheeconomicsofPierrede Theory’ Boisguilbert EditedbyPhilippeFontaineand GilbertFaccarello AlbertJolink 32 JohnRuskin’sPolitical 23 TheFoundingofInstitutional Economy Economics WillieHenderson Theleisureclassandsovereignty EditedbyWarrenJ.Samuels 33 ContributionstotheHistoryof EconomicThought 24 EvolutionofAustrian EssaysinhonourofR.D.C. Economics Black FromMengertoLachmann EditedbyAntoinE.Murphyand SandyeGloria ReneePrendergast 34 TowardsanUnknownMarx 42 PieroSraffa’sPolitical Acommentaryonthemanuscripts Economy of1861–63 Acentenaryestimate EnriqueDussel EditedbyTerenzioCozziand RobertoMarchionatti 35 Economicsand InterdisciplinaryExchange 43 TheContributionofJoseph EditedbyGuidoErreygers SchumpetertoEconomics Economicdevelopmentand 36 EconomicsastheArtof institutionalchange Thought RichardArenaandCecile EssaysinmemoryofG.L.S. Dangel Shackle EditedbyStephenF.Frowenand 44 OntheDevelopmentof PeterEarl Long-runNeo-Classical Theory 37 TheDeclineofRicardian TomKompas Economics Politicsandeconomicsin 45 F.A.HayekasaPolitical post-Ricardiantheory Economist SusanPashkoff Economicanalysisandvalues EditedbyJackBirner,Pierre 38 PieroSraffa GarrousteandThierryAimar Hislife,thoughtandcultural heritage 46 Pareto,EconomicsandSociety AlessandroRoncaglia Themechanicalanalogy MichaelMcLure 39 Equilibriumand DisequilibriuminEconomic 47 TheCambridgeControversies Theory inCapitalTheory TheMarshall-Walrasdivide Astudyinthelogicoftheory MicheldeVroey development JackBirner 40 TheGermanHistorical School 48 EconomicsBroadlyConsidered Thehistoricalandethical EssaysinhonourofWarrenJ. approachtoeconomics Samuels EditedbyYuichiShionoya EditedbyStevenG.Medema, JeffBiddleandJohnB.Davis 41 ReflectionsontheClassical CanoninEconomics 49 PhysiciansandPolitical EssaysinhonourofSamuel Economy Hollander Sixstudiesoftheworkof EditedbySandraPeartand doctor-economists EvelynForget EditedbyPeterGroenewegen 50 TheSpreadofPolitical 57 ClassicsandModernsin Economyandthe Economics,VolumeI Professionalisationof Essaysonnineteenthand Economists twentiethcenturyeconomic EconomicsocietiesinEurope, thought AmericaandJapaninthe PeterGroenewegen nineteenthcentury MassimoAugelloandMarco 58 ClassicsandModerns Guidi inEconomics, VolumeII 51 HistoriansofEconomicsand Essaysonnineteenthand EconomicThought twentiethcenturyeconomic Theconstructionofdisciplinary thought memory PeterGroenewegen StevenG.MedemaandWarrenJ. 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