Theorem 2 (Morita)
Tag 00S2, permanent. Cite it as [Bourbaki, Tag 00S2].
Algebra, VIII, p. 103, § 6. Morita Equivalence of Modules and Algebras
a) Let V and W be left B-modules. The mapping is a bijection from Hom to Hom. The inverse bijection sends an element of Hom to the element of Hom.
b) Every left A-module M is isomorphic to a module of the form , where V is a left B-module.
Let V and W be left B-modules. By Lemma 1 of VIII, p. 101, the mapping from Hom to Hom is injective. By interchanging the roles of P and Q (and of A and B), we see that the mapping from Hom to Hom is also injective. Now, the composition is the mapping . It is bijective, hence so is . Consequently, is bijective, and its inverse is the mapping .
Assertion b) follows from the fact that is an isomorphism from to M.
Let V be a left B-module and W a submodule of V. Since the B-module P is projective (VIII, p. 101, Theorem 1), the canonical mapping from to is injective. We identify with its image in through this mapping. We adopt the analogous conventions when P and B are replaced by Q and A.
Bourbaki sets the proof directly after the statement, and the corpus does not separate them, so what is above is the statement and its proof together.