Advancing the Frontiers of Heterodox Economics

This collection of essays celebrates Frederic S. Lee's impact on heterodox economics, exploring its history, microeconomic theories, and social provisioning, while highlighting the potential for alternative economic approaches.

Advancing the Frontiers of Heterodox Economics is a collection of essays that pays tribute to the influential work of Frederic S. Lee, a key figure in the heterodox economics movement over the past thirty years. The contributors to this volume illustrate how heterodox economics has evolved beyond merely critiquing mainstream economic theories. They highlight the constructive advancements occurring through the collaboration and dialogue among various heterodox traditions.

The essays are organized into four parts, with the first focusing on the historical and theoretical foundations of heterodox economics. This section emphasizes the significance of understanding the history, research methods, and institutions that shape heterodox economics as a viable alternative to mainstream approaches. The second part explores heterodox microeconomic theories, addressing critical topics such as investment, pricing, and market governance, which serve as the basis for broader macroeconomic insights.

In the final sections, the book examines the capitalist social provisioning process and its subsystems, emphasizing their interconnections over time. It concludes with a reflection on Frederic S. Lee’s contributions, underscoring his belief that the development of heterodox economics is driven by dedicated efforts to build both theory and institutions. The essays collectively affirm that creating a critical alternative to prevailing economic theories is not only feasible but also beneficial for a broader segment of society.