Economic Growth and Development: Theories, Criticisms and an Alternative Growth Model

by Hasan Gürak

Overview

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.

UPDATE JULY 2025

Erratum: The author kindly asks the reader to ignore the incorrectly worded paragraph on page 185 cited below.　

"Another interesting development is the decline in VA produced. The reason for this outcome is the reduction in the number of employees, which caused a decline in the total VA (LWC=π) produced."

Product Details

ISBN-13:	9783631660720
Publisher:	Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Publication date:	04/30/2015
Pages:	258
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

Hasan Gürak 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.

Table of Contents

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.

Preface

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