Tag Archives: Heterodox Economics

Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee (2015)

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 TodorovaSeries 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.


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

  1. Heterodox economics and the history of economic thought
    Carlo D’lppoliti and Alessandro Roncaglia
  2. The Association for Heterodox Economics: past, present, and future
    Andrew Mearman and Bruce Philp
  3. Heterodox economics, distribution and the class struggle
    Bruce Philp and Andrew Trigg
  4. 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

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

Part III

Advancing the Heterodox Analysis of Social Provisioning

  1. Advancing heterodox economics in the tradition of the surplus approach
    Nuno Martins
  2. Consumption in the context of social provisioning and capitalism: beyond consumer choice and aggregates
    Zdravka Todorova
  3. Social provisioning process, market instability, and managed competition
    Tuna Baskoy
  4. The embedded state and social provisioning: insights from Norbert Elias
    Bruno Tinel
  5. Analogies we suffer by: the case of the state as a household
    Huáscar Pessali, Fabiano Dalto, and Ramón García Fernández
  6. 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

  1. Predestined to heterodoxy or how I became a heterodox economist
    Frederic S. Lee
  2. Frederic Sterling Lee (1949-2014)
    John E. King
  3. In memoriam: Frederic S. Lee, 1949-2014
    Jan A. Kregel and L. Randall Wray
  4. The Bibliography of Frederic S. Lee’s Writings

Frederic S. Lee and His Fight for the Future of Heterodox Economics

Jo, Tae-Hee (2016): “Frederic S. Lee and His Fight for the Future of Heterodox Economics.” PSL Quarterly Review, Vol. 69, No. 278 (September), pp. 267-278. [Download]


Frederic S. Lee (1949-2014) was a dedicated captain of the heterodox economics movement over the past thirty years. In 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 that should be remembered and renewed in order to reproduce heterodox economics.

Handbook of Research Methods and Applications in Heterodox Economics (2016)

Handbook of Research Methods and Applications in Heterodox Economics

Edited Frederic S. Lee and Bruce Cronin

To be published in April 2016 (hardback) and 2018 (paperback) by Edward Elgar. Handbooks of Research Methods and Applications series [Details on the EE website][Look inside the book, TOC, Intro, Chapter 1]


Despite the important critiques of the mainstream offered by heterodox economics, the dominant method remains econometrics. This major new Handbook provides an invaluable introduction to a range of alternative research methods better suited for analysing the social data prominent in heterodox research projects, including survey, historical, ethnographic, experimental, and mixed approaches, together with factor, cluster, complex, and social network analytics. Introductions to each method are complemented by descriptions of applications in practice.

Table of Contents

Dedication to Frederic S. Lee by Bruce Cronin

Introduction / Frederic S. Lee and Bruce Cronin

1. Critical Realism as a Social Ontology for Economics / Jamie Morgan
2. Critical Realism, Method of Grounded Theory, and Theory Construction / Frederic S. Lee
3. An Interdisciplinary Perspective on Heterodoxy / Rick Szostak

4. Separate or Symbiotic? Quantitative and Qualitative Methods in (Heterodox) Economics Research / Lynda Pickbourn and Smita Ramnarain
5. Historical Method and Data / Natalia Bracarense
6. Using Survey Methods in Heterodox Economic Research / Tiago Cardão-Pito
7. Qualitative and Ethnographic Methods in Economics / Amit Basole and Smita Ramnarain
8. Experimental Methods and Data / Andrew Mearman
9. Factor Analysis, Cluster Analysis, and Nonparametric Research Methods for Heterodox Economic Analysis / Michael J. Murray
10. Regression Analysis: A Review / Paul Downward
11. Critical Realism, Econometrics, and Heterodox Economics /Nuno Ornelas Martins
12. Social Network Analysis / Bruce Cronin
13. Agent-Based Computational Economics: Simulation Tools for Heterodox Research / Jonathan F. Cogliano and Xiao Jiang
14. Modeling as a Research Method in Heterodox Economics / Frederic S. Lee
15. Mixed Research Methods and Data Triangulation: An Answer for Economics? / Ioana Negru

16. A Mixed Methods Approach to Investment Behavior / Armagan Gezici
17. Price Stability / Gyun Cheol Gu
18. Studying Low-Income Households / Lynne Chester
19. Marketisation and Human Service Providers: An Industry Study / Bob Davidson
20. A Qualitative Case Study of the Mexican Stock Market (BMV) from the Perspective of Critical Realism and Grounded Theory / Jesús Muñoz
21. Looking into the Black Box: Policy as a Contested Process / Jamee K. Moudud
22. Modeling the Economy as a Whole: Stock-Flow Models / Gennaro Zezza
23. A Mixed Methods Approach to Investigating the Employment Decisions of Aged Care Workers in Australia / Therese Jefferson, Siobhan Austen, Rhonda Sharp, Rachel Ong, Valerie Adams and Gill Lewin
24. Combining Qualitative and Quantitative Methods in Field Work: An Application to Research on Gender, Migration and Remittances in Ghana / Lynda Pickbourn
25. A Data Triangulation Approach to Understanding the Behavior of Small Landholders in Bulgaria / Mieke Meurs
26. Measuring the Intra-Household Distribution of Wealth in Ecuador: Qualitative Insights and Quantitative Outcomes / Carmen Diana Deere and Zachary Catanzarite
27. The Use of Quasi-Experimental Design in Urban and Regional Research and Political Economy / Thomas E. Lambert and Michael Bewley
28. Detecting Business Cycles / Susan K. Schroeder
29. A Régulationist Analysis of an Industry Sector using Mixed Research Methods / Lynne Chester


Dedication to Frederic S. Lee


Fred Lee Talks About his Contributions to Heterodox Economics

UMKC Economist Dr. Fred Lee talks with Stephanie about the micro/maco distinction, Post-Keynesian price theory, the problems with neoclassical economics and his ideas about how to move the discipline in a more useful direction. (April 18, 2014)

Click here to Check out this episode!

Source: Professor Stephanie Kelton’s website

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Frederic S. Lee Heterodox Economics Scholarship

The purpose of the Fund shall be to provide scholarships for tuition and fees, up to three classes per semester, for doctoral heterodox economics students.


The students eligible for assistance must be enrolled in a doctoral heterodox economics program and demonstrate financial need.

Preference will be given to students enrolled in the UMKC heterodox doctoral economics program. In addition, preference will be given (in order of preference) to:

  1. Students who have no scholarship support at all and need the support to continue in their heterodox doctoral program; and
  2. Students who have only partial scholarship support and need additional support to continue in their heterodox doctoral program.

Scholarships will be awarded prior to the fall and spring semesters on an annual basis. The Fund will not provide scholarship aid for dissertation credit hours or for credit hours that are not directly relevant for the completion of the doctoral program’s course work.

Scholarships are not renewable; however, previous recipients may reapply.

Varies. Tuition and fees for up to three classes per semester.

June 1 and November 1. [Apply Here] 

Call for Contributions

Your contribution to honor the work of Frederic Lee and to support the education of doctoral students is appreciated. Contribute to the Fund here