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]


An international student call for pluralism in economics

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“It is not only the world economy that is in crisis. The teaching of economics is in crisis too, and this crisis has consequences far beyond the university walls. What is taught shapes the minds of the next generation of policymakers, and therefore shapes the societies we live in. We, 42 associations of economics students from 19 different countries, believe it is time to reconsider the way economics is taught. We are dissatisfied with the dramatic narrowing of the curriculum that has taken place over the last couple of decades. This lack of intellectual diversity does not only restrain education and research. It limits our ability to contend with the multidimensional challenges of the 21st century – from financial stability, to food security and climate change. The real world should be brought back into the classroom, as well as debate and a pluralism of theories and methods. This will help renew the discipline and ultimately create a space in which solutions to society’s problems can be generated….”

[Red the full Letter here and support the Initiative]