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Economics is a contested academic discipline between neoclassical economics and a collection of alternative approaches, such as Marxism-radical economics, Institutional economics, Post Keynesian economics, and others, that can collectively be called heterodox economics. Because of the dominance of neoclassical economics, the existence of the alternative approaches is generally not known. This book is concerned with the community history of heterodox economics, seen primarily through the eyes of Marxian-radical economics and Post Keynesian economics.
Throughout the 20th century neoclassical economists in conjunction with state and university power have attacked heterodox economists and tried to cleanse them from the academy. Professor Lee, his groundbreaking new title discusses issues including the contested landscape of American economics in the 1970s, the emergence and establishment of Post Keynesian economics in the US and the development of heterodox economics in Britain from 1970 to 1996.
- Sales Rank: #3236422 in Books
- Published on: 2011-09-16
- Released on: 2011-08-01
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x .83" w x 6.14" l, 1.14 pounds
- Binding: Paperback
- 368 pages
Review
'Fred Lee is an international treasure to heterodox economics, and this book is a treasure chest for heterodox economists, carefully laying out where we have come from and what we are up against. It is imperative reading for all of those concerned to offer alternatives to an intellectually bankrupt and intolerant mainstream.' -- Ben Fine (SOAS, University of London, UK)
'Fred Lee has his finger on the pulse of heterodox economics.� This book will be of interest to anyone concerned with heterodox economics, its history, and its future.� In documenting some of the little-known history of heterodox economics in the 20th century, Fred Lee has created a valuable work that fills a major gap in the literature.' -- Geoffrey Schneider (Bucknell University, USA)
'Fred�Lee is a passionate and tireless proponent of heterodox economics, both in his organizational and scholarly activities.� In this book the two sets of activities come together.� Lee provides an excellent discussion of the history of heterodox economics in context of the organizations and networks of the economics discipline.' -- Wilfred Dolfsma (Utrecht University, the Netherlands)
'For decades, Lee has been meticulously documenting the marginalization and even exclusion of heterodox economics in the US and the UK. At last, he has put together his long-awaited, encyclopedic survey of the field. However, this book reads well, not like a dry encyclopedia. Lee adds color by introducing his reader to many of the scholars in order to give a context to their work. ... This book deserves the widest possible circulation. ... Highly recommended. -- CHOICE, M. Perelman (California State University)
About the Author
Frederic Lee is Professor of Economics at University of Missouri-Kansas City, USA.
Most helpful customer reviews
2 of 2 people found the following review helpful.
Fred Lee paves the way for the full flowering of ...
By Stefanie Cole
Fred Lee paves the way for the full flowering of heterodox economics as a discipline by showing the intersecting nature of the developments of all currents of economic thought and exploring the possibilities for the future development of the discipline.
3 of 4 people found the following review helpful.
terrific!
By Hamilton Cravens
a thorough analysis of the instittutionalization of the 'heterodox economists', that is, those who criticize nel-classical market-simple economics and shows the wide variety of opposition to contemporary neo-classical economics. A must read for those who are interested.
1 of 14 people found the following review helpful.
2.5-Fundamental lack of knowledge about Keynes's analysis of uncertainty,expectations,and decision making
By Michael Emmett Brady
The author essentially presents a hybrid that consists of 1)an historical account of the rise of heterodox schools and b) a discussion of what they believe and why these schools are important.The author establishs that the fundamental foundation for all heterodox schools is that they are primarily grounded in Keynes's contributions about uncertainty and expectations and how they relate to the evolution of institutions within historical time.Unfortunately,the author demonstrates ,although he himself apparently has no idea about the problem of correctly identifying what exactly it was that Keynes technically contribted to the analysis of uncertainty, that none of the theoreticians for any of the heterodox schoolshas the slighest idea of Keynes's technical analysis in the A Treatise on Probability(TP;1921;see also his 1908 fellowship thesis for the same material as in the TP)in chapters 15,16,17,20,22,26 and 29 or in the General Theory in chapter 15 in section 4 on pp.208-209 and in chapter 21 on pp.304-306.
Keynes successfully integrated his TP analysis as presented in his conventional coefficient of risk and weight,c, in chapter 26 and transformed it into an elasticity analysis that is equivalent to the c coefficent analysis.The special neoclassical theory requires that w=1 in the c coefficient model in chapter 26 of the TP and that the elasticities e,ed subscript,and ep subscript =1 in the generalized equation of exchange in chapter 21.The general case is thta w
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