Frederic S. Lee and His Fight for the Future of Heterodox Economics

Jo, Tae-Hee (2016): Frederic S. Lee and His Fight for the Future of Heterodox Economics.

Abstract

Frederic S. Lee (1949-2014) was a dedicated captain of the heterodox economics movement over the past thirty years. In his unfaltering fight for the future of heterodox economics, Lee contributed to both the development of heterodox microeconomic theory and the establishment of a global community of heterodox economists. This short tribute delineates Lee’s unique and important contribution that should be remembered and renewed in order to reproduce heterodox economics.

• Item Type: MPRA Paper
• Language: English
• Keywords: Frederic S. Lee, Heterodox Economics, Heterodox Microeconomics
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B21 - Microeconomics; B - History of Economic Thought, Methodology, and Heterodox Approaches > B3 - History of Economic Thought: Individuals > B31 - Individuals; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General

References

Henry, John F. (2015). “Fred Lee, the Industrial Workers of the World, and Heterodox economics.” Paper presented at the Association for Social Economics World Congress, St. Catharines, Canada. June 22-24. Available at http://heterodoxnews.com/leefs/jfh-fsl-2015

Jo, Tae-Hee (2016). “What If There Are No Conventional Price Mechanisms?” Journal of Economic Issues, 50 (2): forthcoming.

Jo, Tae-Hee and Zdravka Todorova (2015). “Frederic S. Lee’s Contributions to Heterodox Economics.” In Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, edited by T.-H. Jo and Z. Todorova, pp. 1-18. London: Routledge.

Lee, Frederic S. (1981). “The Oxford Challenge to Marshallian Supply and Demand: The History of the Oxford Economists’ Research Group.” Oxford Economic Papers, 33 (3): 339-351.

Lee, Frederic S. (1983). Full Cost Pricing: An Historical and Theoretical Analysis. PhD dissertation, Rutgers University, NJ, USA.

Lee, Frederic S. (1984a). “Full Cost Pricing: A New Wine in a New Bottle.” Australian Economic Papers, 23 (42): 151-166.

Lee, Frederic S. (1984b). “The Marginalist Controversy and the Demise of Full Cost Pricing.” Journal of Economic Issues, 18 (4): 1107-1132.

Lee, Frederic S. (1985). “Full Cost Prices, Classical Price Theory, and Long Period Method Analysis: A Critical Evaluation.” Metroeconomica, 37: 199-219.

Lee, Frederic S. (1986). “Post Keynesian View of Average Direct Costs: A Critical Evaluation of the Theory and the Empirical Evidence.” Journal of Post Keynesian Economics, 8 (3): 400-424.

Lee, Frederic S. (1994). “From Post Keynesian to Historical Price Theory, Part 1: Facts, Theory and Empirically Grounded Pricing Model.” Review of Political Economy, 6 (3): 303-336.

Lee, Frederic S. (1995). “The Death of Post Keynesian Economics?” PKSG Newsletter, 1 (January): 1-2. Available at http://postkeynesian.net/downloads/PKSGNews1.pdf

Lee, Frederic S. (1996a). “The Future of Post Keynesian Economics: A response.” PKSG Newsletter, 5 (October): 4-5. Available at http://postkeynesian.net/downloads/PKSGNews2.pdf

Lee, Frederic S. (1996b). “Pricing, the Pricing Model and Post-Keynesian Price Theory.” Review of Political Economy, 8 (1): 87-99.

Lee, Frederic S. (1998). Post Keynesian Price Theory. Cambridge, UK: Cambridge University Press.

Lee, Frederic S. (2002). “Theory Creation and the Methodological Foundation of Post Keynesian Economics.” Cambridge Journal of Economics, 26 (6): 789-804.

Lee, Frederic S. (2004). “Predestined to Heterodoxy or How I Became a Heterodox Economist.” EAEPE Newsletter, 32 (July). Available at http://heterodoxnews.com/leefs/cv/predestine

Lee, Frederic S. (2009a). “The Economics of the Industrial Workers of the World: Job Control and Revolution.” In Radical Economics and Labor: Essays inspired by the IWW Centennial, edited by F. S. Lee and J. Bekken, pp. 55-77. London: Routledge.

Lee, Frederic S. (2009b). A History of Heterodox Economics: Challenging the Mainstream in the Twentieth Century. London: Routledge.

Lee, Frederic S. (2010). “Alfred Eichner’s Missing “Complete Model”: A Heterodox Micro-Macro Model of a Monetary Production Economy.” In Money and Macrodynamics: Alfred Eichner and Post-Keynesian Economics, edited by M. Lavoie, L.-P. Rochon, and M. Seccareccia, pp. 22-42. Armonk, NY: M.E. Sharpe.

Lee, Frederic S. (2011a). “Heterodox Microeconomics and the Foundation of Heterodox Macroeconomics.” Economia Informa, 367: 6-20.

Lee, Frederic S. (2011b). “Modeling the Economy as a Whole: An Integrative Approach.” American Journal of Economics and Sociology, 70 (5): 1282-1314.

Lee, Frederic S. (2011c). “The Pluralism Debate in Heterodox Economics.” Review of Radical Political Economics, 43 (4): 540-551.

Lee, Frederic S. (2012a). “Competition, Going Enterprise, and Economic Activity.” In Alternative Theories of Competition: Challenges to the Orthodoxy, edited by J. K. Moudud, C. Bina, and P. L. Mason, pp. 160-173. London: Routledge.

Lee, Frederic S. (2012b). “Heterodox Economics and its Critics.” Review of Political Economy, 24 (2): 337-351.

Lee, Frederic S. (2012c). “Heterodox Surplus Approach: Production, Prices, and Value Theory.” Bulletin of Political Economy, 6 (2): 65-105.

Lee, Frederic S. (2013). “Post-Keynesian Price Theory: From Pricing to Market Governance to the Economy as a Whole.” In The Oxford Handbook of Post-Keynesian Economics, Volume I: Theory and Origins, edited by G. C. Harcourt and P. Kriesler, pp. 467-484. Oxford and New York: Oxford University Press.

Lee, Frederic S. (2014a). “Editor’s Introduction.” American Journal of Economics and Sociology, 73 (1): 1-2.

Lee, Frederic S. (2014b). “Heterodox Theory of Production and the Mythology of Capital: A Critical Inquiry into the Circuit of Production.” Unpublished paper.

Lee, Frederic S. (2014c). “A Letter to Heterodox Economists.” Email, October 2.

Lee, Frederic S. (2014d). “Microeconomic Theory: A Heterodox Approach.” Unpublished manuscript.

Lee, Frederic S. (2016). “Critical Realism, Method of Grounded Theory, and Theory Construction.” In Handbook of Research Methods and Applications in Heterodox Economics, edited by F. S. Lee and B. Cronin. Cheltenham and Northampton: Edward Elgar.

Lee, Frederic S. and Tae-Hee Jo (2011). “Social Surplus Approach and Heterodox Economics.” Journal of Economic Issues, 45 (4): 857-875.

Mearman, A. and Bruce Philp (2015). “The Association for Heterodox Economics: Past, Present, and Future.” In Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, edited by T.-H. Jo and Z. Todorova, pp. 39-60. London: Routledge.