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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 provisi...
Frederic S. Lee (1949-2014) was a dedicated captain of the heterodox economics movement over the past thirty years. In the course of 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, which should be remembered and renewed. As a heterodox microeconomist, Lee challenged the neoclassical price mechanism that is theoretically incoherent and empirically invalid. At the same time, he was critical of any heterodox theory that does not add to our understanding of how the capital...
This book presents a social qua community history of heterodox economics. The author provides the best and most thorough account of the rise of orthodoxy and the response of heterodoxy within economics.
This book is an examination of markets, competition, and market governance from a critical, heterodox perspective.
This text provides an alternative to conventional economics, drawing on the neoclassical and non-neoclassical insights of Lester Thurow, Robert Heilbroner, Alice Amsden, Barry Bluestone and 11 other prominent economists from America and England. It is intended to provide productive analyses of several contemporary economic problems.
This book deals with the social costs of markets from a heterodox perspective. It deals with the degrading of work, decline of community, and rising income inequality in the United States as markets and especially financial markets come to dominate society. Of course, if there is an attempt to point out the social costs of markets, the response of mainstream economists is to silence the critics or even in Orwellian fashion redefine their critiques so as to eliminate any negative comments about markets. While critique is necessary, there also needs to be a constructive agenda, that is, the developing of an alternative, heterodox economic theory. So overall the book presents a critique of the social costs markets and the beginning of a heterodox economic theory of how the capitalist market system actually works.
This latest volume in the Harvey Lectures Series reflects "the evolution of physiology and physiological chemistry into biochemistry and the development of molecular biology from the roots of bacteriology and biochemistry" in the 20th and 21st centuries. This lecture series, collected and published annually, provides a series of distinguished lectures in the life sciences by world-renowned scientists in all areas of biomedicine. These lectures occur in New York City throughout the course of each academic year.
Following the volumes on Henri Fayol, this next mini-set in the series focuses on F.W. Taylor, the initiator of "scientific management". Taylor set out to transform what had previously been a crude art form in to a firm body of knowledge.
This comprehensive collection brings together sixteen influential papers by Marc Lavoie that showcase the depth and breadth of post-Keynesian economic thought. Organized into four thematic sections, this volume offers critical insights into theoretical foundations, pricing mechanisms, monetary systems, and growth models that challenge mainstream economic paradigms. Beginning with foundational explorations of Post-Keynesianism and its relationship with Neo-Ricardianism, the collection traces the evolution of this heterodox school of thought and examines its development in different contexts, including its remarkable journey in Canada. The second section delves into the nuanced world of post-K...
Microeconomic Theory: A Heterodox Approach develops a heterodox economic theory that explains the economy as the social provisioning process at the micro level. Heterodox microeconomics explores the economy with a focus on its constituent parts and their reproduction and recurrence, their integration qua interdependency by non-market and market arrangements and institutions, and how the system works as a whole. This book deals with three theoretical concerns. Due to the significance of the price mechanism to mainstream economics, a theoretical concern of the book is the business enterprise, markets, demand, and pricing. Also, since heterodox economists see private investment, consumption and...