Mainstream economic theories today are logical, consistent and even explanatory in many ways, when their relevance is tested in real economic situations, they often fail to correctly explain normal economic transactions. Thus they are only successful in explaining a fictional world and fictional economic relations that are largely based on unrealistic assumptions. Economic Growth is a study of new and alternative theories and models to replace the parables of these mainstream ideologies and hopes to appeal to open minded economists as a constructive contribution for the further development of new economic ideas.
Hasan Gurak was born in Istanbul and completed his studies in Germany, England and Sweden. Presently he is engaged in academic research in the field known as Heterodox Economics, aiming to develop alternative theories and analyses in mainstream economics.
Contents: Economic Growth - Mainstream Theories/Models - Alternative Growth Model - Productivity - Productivity Increase - Short-run Growth in the Real Sector - Long-run Growth in the Real Sector - Service Sector - Development - Income Distribution.