Friday, October 31, 2014

Fred Lee

Barkley Rosser, David Ruccio, and Matias Vernengo have obituaries. I find I had not known much about Lee's life.

I have been influenced by Lee's work on markup pricing (also known as full-cost pricing), the history of heterodox economics, and the suppression of heterodox economics by the mainstream through bullying and bureaucratic measures. I think highly of Lee's 2004 paper (written in collaboration with Steve Keen), "The Incoherent Emperor: A Heterodox Critique of Neoclassical Microeconomic Theory". I can only find one blog post of mine referencing this paper. Lee promoted pluralism in economics.

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