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Frederic S. Lee's contributions to heterodox economics

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  • Zdravka Todorova
  • Tae-Hee Jo

Abstract

The community of heterodox economists has lost Fred Lee, one of its fervent leaders, who has been at the center of the heterodox movement for the past three decades. The paper delineates Fred Lee’s wide-ranging contributions to heterodox economics focusing on the making of the history and identity of heterodox economics, on heterodox microeconomic theory, and on the analysis of the social provisioning process. What do these contributions mean for heterodox economics? Fred Lee has left us heterodox theories, institutions, and goodwill that will continue developing in the work of economists who are concerned with establishing an alternative critical theory to the status quo.

Suggested Citation

  • Zdravka Todorova & Tae-Hee Jo, 2015. "Frederic S. Lee's contributions to heterodox economics," Working Papers PKWP1504, Post Keynesian Economics Society (PKES).
    • Handle: RePEc:pke:wpaper:pkwp1504
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    References listed on IDEAS

    as
    1. Lee,Frederic S., 2006. "Post Keynesian Price Theory," Cambridge Books, Cambridge University Press, number 9780521030212, October.
    2. Frederic S. Lee, 2002. "Theory creation and the methodological foundation of Post Keynesian economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(6), pages 789-804, November.
    3. Marc Lavoie, 2014. "Post-Keynesian Economics: New Foundations," Post-Print hal-01343652, HAL.
    4. Frederic S. Lee, 2011. "Modeling the Economy as a Whole: An Integrative Approach," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(5), pages 1282-1314, November.
    5. Frederic S. Lee, 2007. "The Research Assessment Exercise, the state and the dominance of mainstream economics in British universities," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(2), pages 309-325, March.
    6. Lee, Frederic S, 1984. "Full Cost Pricing: A New Wine in a New Bottle," Australian Economic Papers, Wiley Blackwell, vol. 23(42), pages 151-166, June.
    7. Bruno Tinel, 2015. "The embedded state and social provisioning: insights from Norbert Elias," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01199416, HAL.
    8. Frederic Lee & Tae-Hee Jo, 2011. "Social Surplus Approach and Heterodox Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(4), pages 857-876.
    9. J. E. King, 2012. "The Microfoundations Delusion," Books, Edward Elgar Publishing, number 14065.
    10. Bruno Tinel, 2015. "The embedded state and social provisioning: insights from Norbert Elias," Post-Print halshs-01199416, HAL.
    11. Frederic S. Lee & Therese C. Grijalva & Clifford Nowell, 2010. "Ranking Economics Departments in a Contested Discipline: A Bibliometric Approach to Quality Equality Between Theoretically Distinct Subdisciplines," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(5), pages 1345-1375, November.
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    Citations

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    Cited by:

    1. Tae-Hee Jo, 2016. "Frederic S. Lee and His Fight for the Future of Heterodox Economics," PSL Quarterly Review, Economia civile, vol. 69(278), pages 267-278.
    2. Norberto Montani Martins & Camila Cabral Pires-Alves & André de Melo Modenesi & Karla Vanessa Batista da Silva Leite, 2017. "The transmission mechanism of monetary policy: Microeconomic aspects of macroeconomic issues," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 40(3), pages 300-326, July.
    3. Tae-Hee Jo, 2016. "What If There Are No Conventional Price Mechanisms?," Journal of Economic Issues, Taylor & Francis Journals, vol. 50(2), pages 327-344, April.

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    More about this item

    Keywords

    Frederic S. Lee; heterodox economics; heterodox theory; heterodox microfoundations; heterodox microeconomics; surplus approach;
    All these keywords.

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • D20 - Microeconomics - - Production and Organizations - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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