Description 
1 online resource (xix, 265 pages) : illustrations 
Series 
Routledge studies in the history of economics ; 117 

Online access with DDA: Askews (Economics)


Routledge studies in the history of economics ; 117

Contents 
1. Abstract of a study on just prices and wages  2. With regard to a mathematical contribution to the study of the problems of production and wages  3. Some properties of linear substitutions with coefficients>0 and their application to the problems of production and wages  4. Application to the problems of 'sufficient production' and the 'living wage' of some properties of linear substitutions with coefficients>0  5. Possibility and determination of the just price and the just wage  6. Mathematical contribution to the study of the problems of production and wages  7. Relations between the question of unemployment and those of the just price and the just wage  8. Some properties of linear substitutions with coefficients>0 and their application to the problems of production and wages  9. Mathematical contribution to the study of the equilibrium between production and consumption  10. The scientific organization of labour. The 'Taylor system'  11. On some conditions of economic equilibrium. Letter of M. Potron (90) to R. Gibrat (22)  12. On the economic equilibria  13. Communication made at the Oslo Congress  14. The mathematical aspect of some economic problems in relation to recent results of the theory of nonnegative matrices. Lectures given at the Catholic Institute of Paris  15. On nonnegative matrices  16. On nonnegative matrices and positive solutions to certain linear systems  17. Letter on industrial statistics 
Summary 
This text makes Maurice Potron's work available in the English language for the first time. His original ideas on inputoutput models and duality properties between quantities and prices are now standard tools in economic analysis. Maurice Potron (18721942), 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 èconomic 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 (s̀ufficient production', the r̀ight to rest', j̀ustice in exchange', and the r̀ight 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 inputoutput model, to use the PerronFrobenius theorem in economics, to state a duality result, and to formulate the HawkinsSimon 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 
Bibliography 
Includes bibliographical references and index 
Notes 
Translated from the French 

Print version record 
Subject 
Potron, M. (Maurice), 18721942.


Potron, M. (Maurice), 18721942. 

Economics  Mathematical models.


Economics, Mathematical.

Form 
Electronic book

Author 
Bidard, Ch. (Christian)


Erreygers, Guido, 1959

ISBN 
0203847377 

1136940790 

1136940839 

1136940847 

9780203847374 

9781136940798 

9781136940835 

9781136940842 
