5th International Seminary of Heterodox Microeconomics

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October 29-31, 2014. Faculty of Economics of the National Autonomous University of Mexico, Ciudad Universitaria campus | website

Theme: Competition, innovation investment and financial structure

The economic and financial crisis worldwide has led to a strong challenge to economic policy and economic theory behind it, however, the discussion and debate in the international academic community, requires a careful and thorough analysis of the economic theory fundamentals and microeconomic theory in particular. The overall theme of reflection in this seminar is Heterodox Microeconomics and in particular Competition, investment in innovation and financial structure.

The plurality gives rise to knowledge that transcends the monopoly of a partial view of the world and its workings, offers alternatives for the student and specialist economy can think and choose between different ways of understanding the economic process, one that considers most appropriate. The plurality in the content and teaching of microeconomics among other qualities can develop research capacity and knowledge of students who are training in our universities. In this 5th International Seminary Heterodox Microeconomics, we are looking to put on the table of discussion the monopoly of neoclassical microeconomics.

In the different faculties and schools of economics at the universities of Mexico and the world, academics and researchers are committed to reflection and processing our experience in teaching and research in microeconomics, which is expressed in a continuous review of the content and methods of teaching, this is the reason why we want to invite the community of scholars interested to contribute essays and papers the 5th International Seminary on Heterodox Microeconomics.

Fred Lee at the Post Keynesian Conference

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There were three sessions honoring Fred Lee’s contributions to Post Keynesian and Heterodox Economics (see session information in the previous post). Fred also presented at the conference. Watch the following videos.

1. Fred Lee’s presentation on heterodox economics and how he became a heterodox economist.

2. Fred Lee’s comments on the social provisioning process, price stability, and micro-macro link in heterodox economics. 

3. Harcourt, Chester, and Kriesler on Fred Lee

12th International Post Keynesian Conference Program

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September 25-27, 2014. University of MIssouri-Kansas City.

See and download the conference program.

There will be three sessions honoring Professor Frederic S. Lee. They are:

Friday, 10:30 – 11:45 AM: Room 302A: Graduate Student Panel in Honor of Fred Lee

Moderator: Drew Westberg

  1. Christian Spanberger: Scarcity, Environmental Resources, and the Heterodox Production Model
  2. Drew Westberg: Towards a Heterodox Theory of the Spatial Economy
  3. Mitch Green: Of Railroads and Finance: The Making of Market Society in the Pacific Northwest
  4. Nicola Matthews: Modeling the Classical Surplus Approach: Contributions to the Heterodox Tradition

Saturday, 10:30 – 11:45 AM: Room 302A:  Heterodox Microeconomics and Social Provisioning: A Session in Honor of Fred Lee

Moderator: Zdravka Todorova

  1. Zdravka Todorova: Culture-Nature Processes and Social Provisioning
  2. Tae-Hee Jo: Heterodox Microeconomics and Heterodox Microfoundations
  3. Gyun Gu: A Post Keynesian View of Price Stability
  4. Eric Dean: Market Equities and the Going Enterprise
  5. Tuna Baskoy: Social Provisioning Process, Market Instability, and Managed Competition

Saturday, September 27, 4:00 – 5:15 PM: Room 302A: Connecting Approaches in Heterodox Economics: A Session in Honor of Fred Lee

Moderator: Zdravka Todorova

  1. John Henry
  2. Gary Mongiovi
  3. Marc Lavoie
  4. Jan Kregel

Alfred S. Eichner Papers

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Following materials are from Frederic Lee’s personal collection. 

The Role of Micro in Heterodox Economics: A View of a Heterodox Micro Theorist

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Frederic S. Lee. “The Role of Micro in Heterodox Economics: A View of a Heterodox Micro Theorist,” Presented at the Association for Heterodox Economics Annual Conference, University of Greenwich, London, UK. July 3, 2014. [click on link to download presentation slides]

A Call for Contributions: Frederic S. Lee Heterodox Economics Scholarship Fund

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Dear Friends, Colleagues, and Heterodox Economists,

Fred Lee has been a driving force of heterodox economics movements over the past 30 years. He played a major role in establishing the Association for Heterodox Economics, founded and edited the Heterodox Economics Newsletter, edited the American Journal of Economics and Sociology, has been actively involved in heterodox associations such as AFEE, AFIT, AHE, ASE, EAEPE, HES, ICAPE, URPE, and so on. His activities and contributions are truly community-oriented and self-sacrificing. Above all, Fred has always been concerned about students since they will be the future of heterodox economics.

As some of you already know, Fred will soon retire due to an unexpected illness. In the face of uncertain life conditions, Fred and his wife, Ruth, have recently established the Heterodox Economics Scholarship Fund, which is designed to financially support doctoral heterodox economics students. The Scholarship is open to all doctoral students studying in a heterodox economics program, although currently preference is given to UMKC doctoral students due to the limited amount of funds.

We are sending out this call for contributions with the hope that you share Fred’s “good-will” and make a contribution to this Fund so that more heterodox economics students can complete their studies successfully. Moreover, if you believe you are indebted to Fred for his many contributions, contribute to the Frederic S. Lee Heterodox Economics Scholarship Fund and support students.

To learn more about the Fund, visit here: http://www.gkccf.org/scholarships/frederic-s-lee-heterodox-economics-scholarship-fund

To make a contribution, visit here: https://gkccfonlinedonations.org/give/leeh00.asp

Should you have any questions, please contact us.

Sincerely yours,


John F. Henry
University of Missouri-Kansas City


Tae-Hee Jo
SUNY Buffalo State


D. L. Clark (1974), Studies in the Origins and Development of Growth Theory, 1925 – 1950

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Studies in the Origins and Development of Growth Theory, 1925 – 1950


D. L. Clark

Ph.D Dissertation
University of Sydney
March 1974

An extremely important dissertation that starts with Quesnay and Marx, deals with Leontief, Dmitriev, and Bortkiewicz, goes on to Austrian capital theory, Fritz Burchardt, and the Kiel School, and ends with Hobson, Ayres, and Adolph Lowe. This dissertation was extremely novel at the time it was written and remains so today since most heterodox economists have no idea who Burchardt, Lowe, and the Kiel School were. (Frederic S. Lee)

[Unfortunately the microfilm copy of the dissertation is not very good, so it will take some straining to read the dissertation.]

Table of Contents

Chapter I: Introduction

(a) On Historical Studies in Development
(b) On Growth Theory
(c) Aims and Scope of the Thesis

Chapter II: Prologue

(a) The Tableau Economique of Francois Quesnay
(b) Dynamic Aspects of the Tableau Economique
(c) The Reproduction Models of Karl Marx
(d) The Tableau Economique and the Reproduction Models

Chapter III: The Origins of Input-Output Analysis

(a) The Tableau Economique and Leontief’s Tableau
(b) Marx and Leontief
(c) Leontief and the Soviet Experiments with Input-Output Tables in the 1902s
(d) From Physiocracy to Walrasian General Equilibrium Theory: The Influence of A. N. Isnard
(e) Leontief and the Kiel School

Chapter IV: The Transformation Problem and the Theory of Capital and Growth [Part 1, pp. 114-136] [Part 2, pp. 137-167]

(a) Some Limitations of Input-Output Analysis
(b) An Outline of the Transformation Problem
(c) Solutions to the Transformation Problem: the Contributions of V. K. Dmitriev and L. von Bortkiewicz
(d) An Essential Digression: the ‘Classical’ Growth Model of J. von Neumann
(e) The Impact and Continuing Significance of the Transformation Problem

Chapter V: The Capital Controversies of the 1930s and the Contribution of the Kiel School

(a) The Austrian Theory of Capital: Eugen von Böhm-Bawerk’s Theory of Capital
(b) Knut Wicksell’s Revision of Böhm-Bawerk’s Theory of Capital
(c) The 1930s Controversies: F. A. Burchardt’s Critique of Austrian Capital Theory
(d) The Demise of the Kiel Tradition

Chapter VI: The Institutionalist Critique of Orthodox Dynamics

(a) Thorstein Veblen
(b) J. A. Hobson
(c) C. E. Ayres and B. S. Keirstead
(d) S. Merlin
(e) Adolph Lowe

Chapter VII: Precursors of Harrod-Domar Growth Models

(a) Soviet Dynamics of the 1920s: The Feldman Model
(b) A Polish Marxist: Michal Kalecki
(c) Japanese Experiments with the Reproduction Models
(d) A Related Swedish Model: G. Cassel’s Model of a Regularly Expanding Economy

Chapter VIII: Conclusion [and pp. 264-270]