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Frederic S. Lee is a prominent figure in the field of economics, particularly known for his contributions to Post Keynesian economics. His work has focused on the implications of market systems and the social costs associated with economic theories. Lee's writings, including notable texts such as "Post Keynesian Price Theory," delve into the complexities of pricing mechanisms and the broader impacts of economic policies on society. His analytical approach has made significant contributions to the understanding of economic behavior beyond traditional frameworks.

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