Reading list for Heterodox Microeconomics

Note: First compiled on February 19, 2011. This list is based on Fred Lee’s Doctoral Microeconomics Syllabus and Tae-Hee Jo’s personal database. Download the pdf version of this list here.

1. History and Methodology of Heterodox Microeconomics


  1. Bortis, H. 1997. Institutions, Behaviour and Economic Theory: A Contribution to Classical–Keynesian Political Economy. Cambridge: Cambridge University Press, chs. 1, 2, and 5.
  2. Bryant, A. And Charmaz, K. (eds) 2007. The SAGE Handbook of Grounded Theory. Los Angeles: SAGE Publications, chs. 1, 4, 5, 8, 11, 20, 27
  3. Dopfer, K. and Potts, J. 2008. The General Theory of Economic Evolution. Routledge, London.
  4. Dopfer, K.; Foster, J. and Potts, J. 2004. Micro-meso-macro. Journal of Evolutionary Economics 14(3), 263-279.
  5. Downward, P.M. 2003. Applied Economics and the Critical Realist Critique. London: Routledge. chs. 1–10.
  6. Dugger, W. M. 1996. Redefining Economics: from market allocation to social provisioning, in C. Whalen (ed.) Political Economy for the 21st Century: contemporary views on the trends of economics, 31–43, Armonk: M. E. Sharpe.
  7. Eichner, A. S. 1983. Why Economics is not Yet a Science. M.E. Sharpe, New York.
  8. Eichner, A. S. 1985. Towards an Empirically Valid Economics. Eastern Economic Journal XI(4), 437-449.
  9. Eichner, A. S. and Kregel, J. A. 1975. An Essay on Post-Keynesian Theory: A New Paradigm in Economics. Journal of Economic Literature 13(4), 1293-1314.
  10. Eichner, A. S., ed. 1979. A Guide to Post-Keynesian Economics. M.E. Sharpe.
  11. Elsner, W. 2007. Why meso? On ‘aggregation’ and ‘emergence’ and why and how the meso level is essential in social economics. Forum for Social Economics 36(1), 1-16.
  12. Finch, J. H. 2002. The Role of Grounded Theory in Developing Economic Theory. Journal of Economic Methodology 9.2: 213 – 234.
  13. Fullbrook, E., ed. 2002. Intersubjectivity in Economics, Routledge.
  14. Glasser, B. G. and Strauss, A. L. (1967). The Discovery of Grounded Theory: Strategies for Qualitative Research. Chicago, IL.
  15. Henry, J. F. 1984-85. On Equilibrium. Journal of Post Keynesian Economics 6(2), 214-229.
  16. Henry, J. F. 1986. On economic theory and the question of solvability. Journal of Post Keynesian Economics 8(3), 371-386.
  17. Lawson, T. 2003. Reorienting Economics. London: Routledge, chs. 1–4, 6,10.
  18. Lee, F.S. 2009. A History of Heterodox Economics. London: Routledge.
  19. Lee, F. S. 2002. Theory Creation and the Methodological Foundation of Post Keynesian Economics. Cambridge Journal of Economics 26, 789-804.
  20. Lee, F. S. 2002. Post Keynesian Economics (1930-2000): An Emerging Heterodox Economic Theory of Capitalism, in Douglas Dowd, ed., Understanding Capitalism. Pluto Press, London, UK.
  21. Lee, F. S. 2005. Teaching Heterodox Microeconomics. post-autistic economics review 31, 26-39.
  22. Lee, F. S. 2008.Heterodox Economics, in Steven N. Durlauf and Lawrence E. Blume, ed., The New Palgrave Dictionary of Economics, Palgrave Macmillan, London.
  23. Lee, F. S. 2010. A heterodox teaching of neoclassical microeconomic theory. International Journal of Economics and Education 1(3), 203-235.
  24. Lee, F. S. and Samuels, W. J., ed. (1992). The Heterodox Economics of Gardiner C. Means: A Collection. M.E. Sharpe.
  25. Locke, K. 2001. Grounded Theory in Management Research. London: SAGE Publications, chs. 1–7.
  26. Lutz, M. A. 1999. Economics for the Common Good: Two Centuries of Social Economic Thought in the Humanistic Tradition. Routledge, London, UK.
  27. McDermott, J. 2003. Economics in Real Time: A Theoretical Reconstruction. The University of Michigan Press.
  28. Polanyi, K. 1968. The Economy as Instituted Process, in George Dalton, ed., Primitive, Archaic and Modern Economies: Essays of Karl Polanyi, A Doubleday Anchor Original, Garden City. NY, pp. 139-174.
  29. Power, M. 2004. Social Provisioning as a Starting Point for Feminist Economics. Feminist Economics 10(3), 3-19.
  30. Rosenberg, A. 2001. The metaphysics of microeconomics, in Uskali Maki, ed., The Economic World View: Studies in the Ontology of Economics, Cambridge University Press, Cambridge, UK, pp. 174-188.
  31. Shapiro, N. 1977. The Revolutionary Character of Post Keynesian Economics. Journal of Economic Issues 11 (3), pp. 541-560.
  32. Spiethoff, A. 1952, The ‘Historical’ Character of Economic Theories. Journal of Economic History 12.2 (Spring): 131–9
  33. Stevenson, R. E. 1987. Institutional Economics and the Theory of Production. Journal of Economic Issues 21.4: 1471–1493.

2. Critiques of Mainstream Microeconomics

  1. Ackerman, F. 2005. Priceless Benefits, Costly Mistakes: What’s Wrong With Cost-Benefit Analysis? post-autistic economics review 25.
  2. Bougrine, H.; Parker, I. and Seccareccia, M., ed. 2010. Introducing Microeconomic Analysis: Issues, Questions, and Competing Views. Edmond Montgomery Publications, Toronto.
  3. Carter, M. R. 1985. A Wisconsin Institutionalist Perspective on Microeconomic Theory of Institutions: The Insufficiency of Pareto Efficiency. Journal of Economic Issues XIX(3), 797-813.
  4. Guerrien, B. 2002. Once Again on Microeconomics. post-autistic economics review 16.
  5. Henry, J. F. 1990. The Making of Neoclassical Economics. Unwin Hyman, Boston, MA.
  6. Henry, J. F. 1999. Property Rights, Markets and Economic Theory: Keynes versus Neoclassicism–again. Review of Political Economy11(2), 151-170.
  7. Henry, J. F. 2007. “Bad” Decisions, Poverty, and Economic Theory: The Individualist and Social Perspectives in Light of “The American Myth”. Forum for Social Economics 36, 17-27.
  8. Henry, J. F. 2009. The Illusion of the Epoch: Neoclassical Economics as a Case Study. Studi e Note di Economia 1.
  9. Keen, S. 2002. Debunking Economics. Zed Books, London and New York.
  10. Lee, F. S. 1981. The Oxford Challenge to Marshallian Supply and Demand: The history of the Oxford Economists’ Research Group. Oxford Economic Papers 33(3), 339-351.
  11. Lee, F. S. and Keen, S. 2004. The Incoherent Emperor: A Heterodox Critique of Neoclassical Microeconomic Theory. Review of Social Economy 62(2), 169-199.
  12. Pessali, H. and Fernandez, R. 1999. Institutional Economics at the Micro Level? What Transaction Costs Theory Could Learn from Original Institutionalism (In the Spirit of Building Bridges). Journal of Economic Issues 33(2), 265-275.
  13. Prasch, R. E. 2009. How Markets Work: Supply, Demand and the ‘Real World’. Edward Elgar, Cheltenham, UK and Northampton, USA.
  14. Richardson, G. B. 1990. Information and Investment. Oxford: Oxford University Press.
  15. Veblen, T. B. 1909. The Limitations of Marginal Utility. Journal of Political Economy 17(9), 620-636.


3. Principles of Heterodox Microeconomic Theory

  1. Davies, J. E. and Lee, F. S. 1988. A Post Keynesian Appraisal of the Contestability Criterion. Journal of Post Keynesian Economics 11(1), 3-25.
  2. Davis, J. B. 2003. The theory of individual in economics: identify and value. Routledge, New York.
  3. De Gregori, T. R. 1987. Resources are Not; They Become: An Institutional Theory. Journal of Economic Issues 21.3 (September): 1241 – 1263.
  4. Dopfer, K. 2004. The economic agent as rule maker and rule user: Homo Sapiens Oeconomicus. Journal of Evolutionary Economics 14(2), 177-195.
  5. Katzner, D. W. 2001. The significance, success, and failure of microeconomic theory. Journal of Post Keynesian Economics 24(1), 41-58.
  6. Kurz, H. D. and Salvadori, N. 2000. Classical Roots of Input–Output Analysis: A Short Account of its Long Prehistory. Economic Systems Research 12.2: 153 – 179.
  7. Kurz, H. D. and Salvadori, N. 2005. Representing the Production and Circulation of Commodities in Material Terms: On Sraffa’s Objectivism. Review of Political Economy17.3 (July): 69 – 97.
  8. Lee, F. S. 1998. Post Keynesian Price Theory. Cambridge University Press, chs. 11, 12.
  9. Matthaei, J. 1984. Rethinking Scarcity: Neoclasscism, NeoMalthusianism, and NeoMarxism. Review of Radical Political Economics 16(2/3), 81-94.
  10. Pasinetti, L. L. 2005. From Pure Theory to Full Economic AnalysisA Place for the Economic Agent. Cachiers d’économie politique 2(49), 211-216.
  11. Reynolds, P. J. 1987. Political Economy: A Synthesis of Kaleckian and Post Keynesian Economics. Wheatsheaf Books, Sussex, UK.
  12. Reynolds, P. J. 1996. Kalecki’s Theory of Prices and Distribution, in J.E. King, ed., An Alternative Macroeconomics Theory: The Kaleckian Model and Post-Keynesian Economics. Kluwer Academic Publishers, Boston, MA, pp. 73-91.
  13. Robinson, J. V. 1953. The Production Function and the Theory of Capital. Review of Economic Studies 15(2), 81-106.
  14. Robinson, J. V. 1980. Time in economic theory. Kyklos 33, 219-229.
  15. Samuels, W. J. and Medema, S. G. 1990. Gardiner C. Means: Institutionalist and Post Keynesian. M.E. Sharpe.
  16. Sawyer, M. C. 1985. The Economics of Michal Kalecki. M.E. Sharpe.
  17. Sivramkrishna, S. 2003. Towards a Post-Autistic Managerial Economics. post-autistic economics review 20.
  18. Sraffa, P. 1926. The Laws of Returns under Competitive Conditions. The Economic Journal 36(144), 535-550.
  19. Sraffa, P. 1960. Production of Commodities by Means of Commodities. Cambridge University Press, Cambridge, UK.
  20. Steindl, J. 1952. Maturity and Stagnation in American Capitalism Basil Blackwell, Oxford.
  21. Steindl, J. 1990. Kalecki's Theory of Pricing: Notes on the Margin, in J. Steindl, Economic Papers, 1941-88. New York: St. Martin's Press.
  22. Varoufakis, Y. 2008. Capitalism According to Evolutionary Game Theory: The Impossibility of a Sufficiently Evolutionary Model of Historical Change. Science and Society 72(1), 63-94.
  23. Villena, M. G. and Villena, M. J. 2004. Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian? Journal of Economic Issues XXXVIII(3), 585-610.

4. Nature of the Business Enterprise

  1. Berle, A. A. and Means, G. C. 1968. The Modern Corporation and Private Property. Harcourt, Brace and World, Inc., New York.
  2. Cornehls, J. V. 2004. Veblen’s Theory of Finance Capitalism and Contemporary Corporate America. Journal of Economic Issues 38(1), 29-57.
  3. Cyert, R. and March, J. (1964). A Behavioral Theory of The Firm. Prentice-Hall, Inc., New Jersey.
  4. Dallery, T. 2009. Post-Keynesian Theories of the Firm under Financialization. Review of Radical Political Economics 41(4), 492-515.
  5. Dunn, S. P. 2001. An Investigation into a Post Keynesian contribution to the Theory of the Firm. PhD thesis, University of Leeds.
  6. Dunn, S. P. 2002. A Post Keynesian Approach to the Theory of the Firm, in Sheila C. Dow, ed., Post Keynesian Economics, Microeconomics and the Theory of the Firm. Edward Elgar, Cheltenham, UK.
  7. Eichner, A. S. 1976. The Megacorp and Oligopoly: Micro Foundations of Macro Dynamics. Cambridge University Press, Cambridge, UK.
  8. Fligstein, N. 1990. The Transformation of Corporate Control. Cambridge: Harvard University Press.
  9. Granovetter, M. 1995. Business Groups, in N.J. Smelser and R. Swedberg, ed., Handbook of Economic Sociology. Princeton University Press, Princeton, pp. 453-475.
  10. Herman, E. S. 1981. Corporate Control, Corporate Power. Cambridge: Cambridge University Press, chs. 1, 2.
  11. Hodgson, G. M. and Knudsen, T. 2004. The firm as an interactor: firms as vehicles for habits and routines. Journal of Evolutionary Economics 14, 281-307.
  12. Moss, S. 1981. An Economic Theory of Business Strategy. New York: John Wiley and Sons, ch. 2.
  13. Penrose, E. T. 1959. The Theory of the Growth of the Firm. Basil Blackwell, Oxford.
  14. Prechel, H. 2000. Big Business and the State: Historical Transactions and Corporate Transformation, 1880s-1990s. State University of New York Press, Albany, NY.
  15. Shapiro, N. 1990. The “Megacorp”: Eichner’s Contribution to the Theory of Firm. Journal of Economic Issues 24 (2), 493-500.
  16. Shapiro, N. 1991. Firms, Markets, and Innovation. Journal of Post Keynesian Economics 14 (1), 49-60.
  17. Veblen, T. B. 1904. The Theory of Business Enterprise. Charles Scribner’s Sons, New York.
  18. Veblen, T. B. 1964. Absentee Ownership and Business Enterprise in Recent Times: The Case of America. Sentry Press, New York.

5. Structure of Production and Costs of the Business Enterprise

  1. Bortis, H. 1990. Structure and change within the circular theory of production, in Mauro Baranzini and Roberto Scazzieri, ed., The Economic Theory of Structure and Change. Cambridge University Press, Cambridge, UK, pp. 64-92.
  2. Dean, J. 1976. Statistical Cost Estimation. Bloomington: Indiana University Press,“Introduction to Part I”.
  3. Kurz, H. D. and Salvadori, N. 1995. Theory of Production: A Long-Period Analysis. Cambridge University Press, Cambridge, UK.
  4. Lee, F. S. 1986. Post Keynesian View of Average Direct Costs: A Critical Evaluation of the Theory and the Empirical Evidence. Journal of Post Keynesian Economics 8(3), 400-424.
  5. Morroni, M. 1992. Production Process and Technical Change. Cambridge University Press, Cambridge, UK.
  6. Pasinetti, L. L. 1977. Lectures on the Theory of Production. Columbia University Press, New York.

6. Costing, Pricing, and Prices

  1. Boggio, L. 1985. On the stability of production prices. Metroeconomica 37(3), 241-267.
  2. Coutts, K., G. W. and Nordhaus, W. 1978. Industrial Pricing in the United Kingdom. Cambridge University Press, Cambridge.
  3. Downward, P. M. 2009. Prices, in Jan Peil and Irene van Staveren, ed., Handbook of Economics and Ethics. Edward Elgar, 399-406.
  4. Downward, P. M. 2001. Price Stickiness: A Post Keynesian Microeconomic Perspective. Eastern Economic Journal 27, 165-?.
  5. Downward, P. M. 2000. A Realist Appraisal of Post Keynesian Pricing Theory. Cambridge Journal of Economics 24.2 (March): 211–224.
  6. Downward, P. M. 1999. Pricing Theory in Post Keynesian Economics: A Realist Approach. Cheltenham: Edward Elgar, chs. 3–8.
  7. Downward, P. M. and Lee, F. S. 2001. Post Keynesian Pricing Theory “Reconsidered”? A Critical Review of Asking About Prices. Journal of Post Keynesian Economics 23(3), 465-483.
  8. Eichner, A. 1976. The Megacorp and Oligopoly. Cambridge: Cambridge University Press, ch. 3.
  9. Fabiani, S. et. al. 2007. Pricing Decisions in the Euro Area: How Firms set Prices and Why. Oxford: Oxford University Press, parts I and II.
  10. Hall, S, Walsh, M., and Yates, A. 2000. Are UK Companies’ Prices Sticky? Oxford Economic Papers 52.3 (July): 425 – 446.
  11. Harcourt, G. C. and Kenyon, P. 1976. Pricing and the investment decision. Kyklos 29(3), 449-77.
  12. Lavoie, M. 2001. Pricing, in R. P. F. Holt and S. Pressman (eds.), A New Guide to Post Keynesian Economics, 21–31. London: Routledge.
  13. Lee, F. S. 1985. Full Cost prices, classical price theory, and long period method analysis: a critical evaluation. Metroeconomica XXXVII, 199-219.
  14. Lee, F. S. 1994. From Post Keynesian to Historical Price Theory, Part 1: Facts, Theory and Empirically Grounded Pricing Model. Review of Political Economy6(3), 303-336.
  15. Lee, F. S. 1996. Pricing, the Pricing model and Post-Keynesian Price Theory. Review of Political Economy8(1), 87-99.
  16. Lee, F. S. 1996. Pricing and the Business Enterprise, in Charles J. Whalen, ed., Political Economy for the 21st Century: Contemporary Views on the Trend of Economics. M.E. Sharpe, Armonk, NY, pp. 87-102.
  17. Lee, F. S. 1998. Post Keynesian Price Theory. Cambridge University Press, Cambridge, U.K..
  18. Lee, F. S. and Downward, P. (1999), ’Restesting Gardiner Means’s Evidence on Administered Prices’, Journal of Economic Issues 33(4), 861-886.
  19. Melmies, J. 2010. New-Keynesians Versus Post-Keynesians on the Theory of Prices. Journal of Post Keynesian Economics 32(3), 445-466.
  20. Nichols, M., Pavlov, O. and Radzicki, M. J. 2006. The Circular and Cumulative Structure of Administered Pricing. Journal of Economic Issues XL(2), 517-526.
  21. Roncaglia, A. 1978. Sraffa and the Theory of Prices. John Wiley and Sons, New York.
  22. Sawyer, M. C. 1983. Business Pricing and Inflation. Macmillan Press, London, UK.
  23. Setterfield, M. 1996. A note on mark-up pricing and the distribution of income. Review of Political Economy 8(1), 79-85.
  24. Shapiro, N. 1981. Pricing and the Growth of the Firm. Journal of Post Keynesian Economics 4(1), 85-100.
  25. Shapiro, N. and M. Sawyer 2003. Post Keynesian Price Theory. Journal of Post Keynesian Economics 25 (3), 355-366.
  26. Veblen, T. B. 1921. The Engineers and the Price System. The Viking Press, New York.

7. Investment, Employment, and Production

  1. Baddeley, M. C. 2003. Investment: Theories and Analysis. Houndsmills: Palgrave.
  2. Bewley, T. F. 1999. Why Wages Don’t Fall During a Recession. Cambridge: Harvard University Press.
  3. Dzarasov, R. 2011. Eichnerian megacorpand investment behavior of Russian corporations. Cambridge Journal of Economics 35, 199-217
  4. Holt, R. P. F. And Pressman, S. 2007. Empirical Post Keynesian Economics, M.E. Sharpe, chs. 6–9.
  5. Lavoie, M., Rochon, L.-P., and Seccareccia, M. 2010. Money and Macrodynamics. M.E. Sharpe, chs. 3, 4
  6. López, J. and Mott, T. 1999. Kalecki Versus Keynes on the Determinants of Investment. Review of Political Economy11(3), 291-301.
  7. Moss, S. 1981. An Economic Theory of Business Strategy. New York: John Wiley and Sons, chs. 3, 8.
  8. Scheibl, F. and Wood, A. 2005. Investment Sequencing in the Brick Industry: An Application of Grounded Theory. Cambridge Journal of Economics 29.2 (March): 223–247.

8. Households

  1. Todorova, Z. 2009. Money and Households in a Capitalist Economy: A Gendered Post KeynesianInstitutional Analysis. Edward Elgar, Cheltenham, UK and Northampton, USA.

9. Consumption and Market Demand

  1. Devetag, M. G. 1999. From Utilities to Mental Models: A Critical Survey on Decision Rules and Cognition in Consumer Choice. Industrial and Corporate Change 8.2: 289 – 351.
  2. Drakopoulos, S. A. 1994. Hierarchical Choice in Economics. Journal of Economic Surveys 8(2), 133-153.
  3. Fuller, C. G. 1996. Elements of a Post Keynesian Alternative to ’Household Production’. Journal of Post Keynesian Economics 18 (Summer): 595 – 607.
  4. Hamilton, D. 1987. Institutional Economics and Consumption. Journal of Economic Issues, 21(4), 1531-1554
  5. Lavoie, M. 2004. Post-Keynesian Consumer Theory: Potential Synergies with Consumer Research and Economic psychology
    Journal of Economic Psychology,25(5), 639-649
  6. Lavoie, M. 1994. A Post Keynesian Approach to Consumer Choice. Journal of Post Keynesian Economics 16 (Summer): 539 – 562.
  7. Lavoie, M. 1992. Foundations of Post–Keynesian Economic Analysis. Aldershot: Edward Elgar, ch. 2
  8. Migone, A. 2007. Consumerism: Patterns of Consumption in Contemporary Capitalism. Review of Radical Political Economics 39(2), 173-200.
  9. Pietrykowski, B. 2009. The Political Economy of Consumer Behavior: Contesting Consumption. London: Routledge.
  10. Trigg, A. 2001. Veblen, Bourdieu, and Conspicuous Consumption. Journal of Economic Issues, 35(1), 99-115
  11. Veblen, T. B. 1973. The Theory of the Leisure Class: An Economic Study of Institutions. Houghton Mifflin Company, Boston.

10. Industry and Market

  1. Blair, J. M. 1972. Economic Concentration: Structure, Behavior and Public Policy. Harcourt Brace Javanovich, New York.
  2. Chester, L. 2010. Actually Existing Markets: The case of Neoliberal Australia. Journal of Economic Issues 44(2), 313-323.
  3. Fligstein, N. 1996. Markets as Politics: A Political-Cultural Approach to Market Institutions. American Sociological Review 61(4), 656-673.
  4. Fligstein, N. 2001. The Architecture of Markets. Princeton University Press.
  5. Galbraith, J. K. 1967. The New Industrial State. Houghton Mifflin, Boston, MA.
  6. Granovetter, M. 1985. Economic Action and Social Structure: The Problem of Embeddedness. American Journal of Sociology 91 (November): 481 – 510.
  7. Hamilton, W. H. (1974), Industrial Policy and Institutionalism, Augustus M. Kelley, New York.
  8. Hermann, A. 2008. The Institutional Analysis of the Market. International Journal of Green Economics 2.4: 379–391.
  9. Smelser, N. J. and Swedberg, R. (eds.). 1994. The Handbook of Economic Sociology. Princeton University Press, chs. 11 and 15.

11. Competition

  1. Baskoy, T. 2003. Thorstein Veblen’s Theory of Business Competition. Journal of Economic Issues 37(4), 1121-1137.
  2. Campbell, J., Hollingsworth, J., and Lindberg, L. (eds.) 1991. Governance of the American Economy. Cambridge: Cambridge University Press, chs. 1, 2, 11, 12.
  3. Clifton, J. A. 1987. Competitive Market Process, in The New Palgrave Vol. I A to D, pp. 553 – 556. Edited by J. Eatwell, M. Milgate, and P. Newman. New York: Stockton Press.
  4. Grabher, G. (ed.) 1993. The Embedded Firm. London: Routledge, chs.1 – 2.
  5. Moss, S. 1981. An Economic Theory of Business Strategy. New York: John Wiley and Sons, chs. 5, 6, 7, and 8.
  6. Richardson, G. B. 1965. The Theory of Restrictive Trade Practices. Oxford Economic Papers 17 (November): 432 – 449.
  7. Robinson, J. V. 1933. Economics of Imperfect Competition. Macmillan, London.
  8. Robinson, J. V. 1934. What is Perfect Competition? Quarterly Journal of Economics 49(1), 104-120.
  9. Shapiro, N. 1997. Imperfect Competition and Keynes, in A 'Second Edition' of The General Theory Vol. I, pp. 83-92. Edited by G.C. Harcourt and P. Riach, London: Routledge and Kegan Paul.
  10. Shapiro, N. 2005. Competition and Aggregate Demand. Journal of Post Keynesian Economics 27 (3): 541-549.
  11. Shapiro, N. 2011. Competition, in Elgar Companion to Radical Political Economy. Edited by M. Sawyer and P. Arestis, Cheltenham, U.K.: Edward Elgar.

12. Corporate Governance, Market Governance, and Market Regulation

  1. Chandler, A. D. 1977. The Visible Hand. Harvard University Press, Cambridge, MA and London, UK.
  2. Fligstein, N. 1990. The Transformation of Corporate Control. Harvard University Press, Cambridge, MA.
  3. Groenewegen, J. 2004. Who Should Control The Firm? Insights From New And Original Institutional Economics. Journal of Economic Issues 38(2), 353-361.
  4. Howe, M. 1972-73. A Study of Trade Association Price Fixing. Journal of Industrial Economics 21, 236-256.
  5. Jo, T.-H. forthcoming. Saving Private Business Enterprises: A Heterodox Microeconomic Approach to Market Governance and Market Regulation. The American Journal of Economics and Sociology.
  6. Larner, W. 1997. The legacy of the social: Market governance and the consumer. Economy and Society 26(3), 373-399.
  7. Lazonick, W. and O’Sullivan, M. (2000), ’Maximizing Shareholder Value: A new ideology for corporate governance’, Economy and Society 29(1), 13-35.
  8. Meyer, P. B. 1986. The Corporate Person and Social Control: Responding to Deregulation. Review of Radical Political Economics 18(3), 65-84.
  9. Miller, E. S. 1996. Economic Regulation and New Technology in the Telecommunications Industry. Journal of Economic Issues 30(3), 719-733.
  10. Smelser, N. J. and Swedberg, R. (eds.) 1994. The Handbook of Economic Sociology. Princeton: Princeton University Press, ch. 18.
  11. Soederberg, S. 2010. Corporate Power and Ownership in Contemporary Capitalism: The Politics of Resistance and Domination. Routledge, London and New York.

13. Heterodox Microfoundations and Modeling the Economy

  1. Bergh, J. d. and Growdy, J. 2003. The Microfoundations of Macroeconomics: an Evolutionary Perspective. Cambridge Journal of Economics 27, 65-84.
  2. Bortis, H. 1997. Institutions, Behaviour and Economic Theory. Cambridge University Press, Cambridge, UK.
  3. Bortis, H. 2003. Marshall, the Keynesian revolution and Sraffa’s significance. Journal of Economic Studies 31(1), 77-97.
  4. Bortis, H. 2006. From Post Keynesian to Classical-Keynesian Political Economy: Luigi Pasinetti and the Gap between Keynes and Sraffa. European Society for the History of Economic Thought 10th Annual Conference, Porto, Spain.
  5. Bortis, H. 2003. Keynes and the Classics: Notes on the Monetary Theory of Production, in Modern Theories of Money, 411 – 474. Edited by L.-P. Rochon and S. Rossi. Cheltenham: Edward Elgar.
  6. Dow, S. C. 1985. Microfoundations: A Diversity of Treatments. Eastern Economic Journal XI(4), 342-360.
  7. Eatwell, J. And Milgate, M. 1983. Introduction In J. Eatwell and M. Milgate (eds.), Keynes’s Economics and the Theory of value and Distribution, 1–17. London: Duckworth.
  8. Eichner, A. 1976. The Megacorp and Oligopoly. Cambridge: Cambridge University Press, chs. 5, 7, 8.
  9. Eichner, A. S. 1987. The Macrodynamics of Advanced Market Economies. M.E. Sharpe, New York.
  10. Fleetwood, S. 2011. Sketching a socio-economic model of labour markets. Cambridge Journal of Economics 35, 15-38.
  11. Hayden, F. G. 1982. Social Fabric Matrix: From Perspective to Analytical Tool. Journal of Economic Issues 16(3), 637-662.
  12. Hayden, F. G. 2009. Utilization of the Social Fabric Matrix to Articulate a State System of Financial Aid, in Tara Natarajan; Wolfram Elsner and Scott Fullwiler, ed., Institutional Analysis and Praxis: The Social Fabric Matrix Approach. Springer, New York, pp. 209-235.
  13. Hodgson, G. M. 2000. From Micro to Macro: the Concept of Emergence and the Role of Institutions, in Leonardo Burlamaqui; Ana Calia Castro and Ha-Joon Chang, ed., ’Institutions and the Role of the State’, Edward Elgar, Aldershot, UK, pp. 103-126.
  14. Jo, T.-H. 2007. Microfoundations of Effective Demand. PhD thesis, University of Missouri–Kansas City.
  15. Jo, T.-H. 2011. Social Provisioning Process and Socio-Economic Modeling, The American Journal of Economics and Sociology, 70, 1094-1116
  16. Jo, T.-H. 2011. A Heterodox Microfoundation of Business Cycles, in Joelle J. Leclaire; Tae-Hee Jo and Jane E. Knodell, ed., Heterodox Analyses of Financial Crisis and Reform. Edward Elgar, Cheltenham, UK and Northampton, MA, USA.
  17. Kalecki, M. 1971. Selected Essays on the Dynamics of the Capitalist Economy 1933-1970. Cambridge University Press, Cambridge, UK.
  18. Kalecki, M. 1976. Essays on Developing Economies. The Harvester Press, Hassocks, UK.
  19. King, J. E. 2009. Microfoundations?, in Eckhard Hein; Torsten Niechoj and Engelbert Stockhamme, ed., Macroeconomic Policies on Shaky Foundations: Whither Mainstream Economics. Metropolis, Marburg, Germany.
  20. King, J. E. 2006. Imperfectionism in Macroeconomics: Old Light on a New Controversy. Economic Issues 11.2 (September): 39 – 49.
  21. Kregel, J. A. 1991. The Integration of Micro and Macroeconomics through Macrodynamic Megacorps, in William Milberg, ed., The Megacorp and Macrodynamics. M.E. Sharpe, New York, pp. 133-142.
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