Heterodox Economics—Foundations of Alternative Economics

Mainstream economic textbooks propose a kind of economic world which can only exist in fictitious markets where producers and consumers interact like robots, relations are mechanical and assumptions utopian. Accordingly, the expositions are, in substance, nothing but sophistry. Yet, many economists are becoming more and more discontent with the sophistries of mainstream doctrines. The book presents some realistic alternative approaches to the conventional ‘unrealistic’ attitudes of mainstream economists in order to pave the way for a further development of new ideas.

Dr. Hasan Gurak was born in Istanbul. After having attended several undergraduate courses both in Germany and England, he moved to Sweden where he acquired a degree in economics in 1977 from the University of Lund. He continued post-graduate studies in Sweden between 1977 and 1981 and presented his Ph.D. Thesis at the University of Istanbul in 1991. Presently he is engaged in academic research in the field known as ‘Heterodox Economics’, aiming to develop alternative theories and analyses in mainstream economics.