Fred Lee fought hard to build and maintain the community of heterodox economists since he believed that a future of heterodox economics hinged upon all the efforts we make to develop heterodox economics and to educate students. As Bruce Cronin said: “He was not content to be an armchair academic but built institutions to carry heterodox research and teaching forward independently of any individuals…. On hearing of his cancer diagnosis, Fred’s reaction was not to wallow in regret but to immediately establish a Heterodox Economics Scholarship Fund, to support graduate students studying in heterodox economics.”
The Frederic S. Lee Heterodox Economics Scholarship Fund was established in 2014 with a sizable contribution from Fred and Ruth Lee, along with contributions from many others. In the five years since his death, the Fund has awarded over $41,000 in scholarships to a total of 13 PhD students at several universities. These students have been studying at the University of Missouri–Kansas City, the New School for Social Research, and American University.
A scholarship recipient said that:
After I found out I wasn’t going to receive the GTA position I wasn’t exactly sure what I was going to do. I was considering taking a break and saving money, but now I can continue seamlessly from my undergraduate into my graduate studies, which is ultimately the best option. I look forward to my studies and their challenges, and I look forward to expanding my mind and experiencing new things. And although I have never met him, I feel proud of knowing I have this scholarship in the name of Fred Lee, he’s basically a legend in the heterodox economics world, and even more, to be going to UMKC where he taught and helped transform the department, and now I’m in it for the long haul, not just for my graduate studies.
Another recipient also appreciated the scholarship.
I was very happy and appreciative to learn that I was selected as the recipient of your scholarship. I was admitted to PhD Economics program at the New School for Social Research; however, due to the limited funding I was only awarded 50% tuition remission scholarship from the school. Therefore, this scholarship is very important to me to fund my expense to continue my study in the heterodox economics field. You have lightened my financial burden which allows me to focus more on the most important aspect of school, learning. Your generosity has inspired me to help others and give back to the community. I hope one day I will be able to help students achieve their goals just as you have helped me.
In order to continue to support graduate students who will be the future of heterodox economics, the Scholarship Fund will need to generate more funds. Your contribution is greatly appreciated. Donations can be made at https://gkccfonlinedonations.org/give/leeh00.asp.