Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee

Posted on September 11, 2020 by Tae-Hee Jo

This book is now in paperback. https://www.routledge.com/Advancing-the-Frontiers-of-Heterodox-Economics-Essays-in-Honor-of-Frederic/Jo-Todorova/p/book/9780367598525

Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, edited by Tae-Hee Jo and Zdravka Todorova. Series in Routledge Advances in Heterodox Economics. ISBN: 978-0-415-73031-0 (hardback, 2015, $185), ISBN: 978-0-367-59852-5 (paperback, 2020, $47.95), 358 pages, London and New York: Routledge. (20% Discount code: FLR40). [Book details at the Routledge website] [Look inside]

This collection of essays honors the life and work of one of the most prominent and fervent heterodox economists, Frederic S. Lee, who has been at the heart of the heterodox economics movements for the past three decades. Authors in this book demonstrate that heterodox economic has transcended the criticism of mainstream economics and, more importantly, that constructive developments are in the making by way of cross-communications among various heterodox economics traditions.

Frederic S. Lee’s contributions to heterodox economics are centered on three themes: the making of a history and identity of heterodox economics, heterodox microeconomics, and the heterodox analysis of social provisioning. Part I addresses the importance of history, theory, research methods, and institutions in the making of the identity of heterodox economics as an alternative to mainstream economics. Part II delves into heterodox microeconomic theories—in particular, investment, pricing, competition, markets, and market governance—as foundations of heterodox macroeconomic analyses. Part III expands the analysis of the capitalist social provisioning process with an emphasis on its subsystems and their relationships over historical time. Part IV encapsulates the life and work of Frederic S. Lee.

Throughout his intellectual life Frederic S. Lee has shown to many that the development of heterodox economics is rendered possible by unselfish and ceaseless efforts to build both theory and institutions. Essays in this book attest that establishing an alternative critical theory to the status quo is not only possible but also serviceable to the majority of the population.

Contents

Foreword by Sheila C. Dow

Foreword by John F. Henry

Introduction: Frederic S. Lee’s contributions to heterodox economics
Tae-Hee Jo and Zdravka Todorova

Part I

Making History and Identity of Heterodox Economics by Developing Theory and Institutions

Heterodox economics and the history of economic thought
Carlo D’lppoliti and Alessandro Roncaglia
The Association for Heterodox Economics: past, present, and future
Andrew Mearman and Bruce Philp
Heterodox economics, distribution and the class struggle
Bruce Philp and Andrew Trigg
Qualitative data and grounded theory in heterodox economic research: insights from three Australian studies
Therese Jefferson

Part II

Heterodox Microeconomics and the Foundations of Heterodox Macroeconomics

Heterodox microeconomics and heterodox microfoundations
Tae-Hee Jo
Beyond foundations: systemism in economic thinking
Jakob Kapeller
Post Keynesian investment and pricing theory: contributions of Alfred S. Eichner and Frederic S. Lee
Ruslan Dzarasov
Effects of competition upon profit margins from a Post Keynesian perspective
Jordan Melmiès
Inter- and intra-firm governance in heterodox microeconomics: the case of the US software industry
Erik Dean
Analyzing actually-existing markets
Lynne Chester

Part III

Advancing the Heterodox Analysis of Social Provisioning

Advancing heterodox economics in the tradition of the surplus approach
Nuno Martins
Consumption in the context of social provisioning and capitalism: beyond consumer choice and aggregates
Zdravka Todorova
Social provisioning process, market instability, and managed competition
Tuna Baskoy
The embedded state and social provisioning: insights from Norbert Elias
Bruno Tinel
Analogies we suffer by: the case of the state as a household
Huáscar Pessali, Fabiano Dalto, and Ramón García Fernández
Technological-institutional foundations of the social economy: a framework for the analysis of change in the social provisioning process
Henning Shwardt

Part IV

The Heterodox Economics of Frederic S. Lee