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John Forrest Henry

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John Forrest Henry
BornApril 17, 1943
Red Hill, PA
September 26, 2020 (2020-09-27) (aged 77)September 26, 2020 (2020-09-27) (aged 77)
🏳️ NationalityAmerican
💼 Occupation
🌐 Website
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John Forrest Henry (April 17, 1943 – September 26, 2020) was an American economist who contributed to heterodox economics in the traditions of Marxian, post-Keynesian, and original institutional economics.[1]


Henry attended Muhlenberg College, a liberal arts college, in Allentown, PA and earned a BA degree in economics (1965). He continued his study of economics at McGill University in Montreal, Canada and earned M.A. (1967) and Ph.D. (1974) degrees in 1967 and 1974. His doctoral dissertation was on "John Bates Clark and the Origins of Neoclassical Economics" supervised by Athanasios Asimakopulos who was one of early Post Keynesians.

Henry taught at the California State University–Sacramento (1970–2004), University of Missouri–Kansas City (2001-2014), and Levy Economics Institute of Bard College (2015–2020). His research focused on the social-institutional foundations of capitalism and pressing socio-economic problems such as poverty, racism, unemployment, and instability. Henry received the Veblen-Commons Award in 2017 from the Association for Evolutionary Economics, the highest scholarly honor recognized by the international organization of original institutional economists. He was the president of the Association for Institutional Thought (2007). He is the author of two books, The Making of Neoclassical Economics (1990, Unwin Hyman) and John Bates Clark (1995, Macmillan), and many scholarly articles.[2]

Selected Publications[edit]

  • 2021. "Heterodoxy: More Than Criticism," Journal of Economic Issues, 55 (3): 595-602
  • 2017. "Brutus Is an Honorable Man," Journal of Economic Issues, 51 (2): 249-261.
  • 2015. “Classical Political Economy, the Subsistence Wage, and Job Guarantee Concerns,” Journal of Post Keynesian Economics, 38 (2): 280-301.
  • 2015. “The Business Enterprise in the Age of Money Manager Capitalism” with Tae-Hee Jo, Journal of Economic Issues, 49 (1): 23-46.
  • 2014. “The Political Orientation of Thorstein Veblen.” European Journal of Economic and Social Systems, 26, 1-2.
  • 2010. “The Historic Roots of the Neoliberal Program.” Journal of Economics Issues, 44 (2): 543-550.
  • 2009. “The Illusion of the Epoch: Neoclassical Economics as a Case Study.” Studi e Note di Economia, 14 (1): 27-44.
  • 2008. “The Theory of the State: the Position of Marx and Engels.” Forum for Social Economics, 37 (1): 13–25.
  • 2008. “The Ideology of the Laissez Faire Program.” Journal of Economic Issues, 42 (1): 209–224.
  • 2007. “On ‘Bad’ Decisions, Poverty, and Economic Theory: The Individualist and Social Perspectives in Light of ‘The American Myth,’” Forum for Social Economics, 36 (1): 17–27.
  • 2001. “Keynes’s Economic Program, Social Institutions, Ideology, and Property Rights.” Journal of Economic Issues, 35 (3): 633–655.
  • 1995. John Bates Clark, London: Macmillan.
  • 1995. "God and the Marginal Product: Religion and the Development of J.B. Clark's Theory of Distribution," Research in the History of Economic Thought and Methodology, 13: 75–101.
  • 1990. The Making of Neoclassical Economics, London: Unwin Hyman, 1990
  • 1983-1984. "On Equilibrium," Journal of Post Keynesian Economics, Vol. 6, No. 2: 214–229.
  • 1975. "Productive Labour, Exploitation and Oppression – A Perspective," Australian Economic Papers, 14 (2): 35–40.

(Full list of publications can be found here)

Further Readings[edit]

  • Harcourt, G.C. et al. (2021), "In Remembrance: John F. Henry (1943-2020)," Journal of Economic Issues, 55 (3): 870-889.
  • Marx, Veblen, and the Foundations of Heterodox Economics: Essays in Honor of John F. Henry, edited by Tae-Hee Jo and Frederic S. Lee (2016, Routledge)

External Links[edit]


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