This study compares the National Economy concept as it is employed in Friedrich List&rsquo / s works with its theoretical reflections among Ottoman intelligentsia, particularly in Ziya G&ouml / kalp. The effects of National Economy on the Ottoman thought is examined by bearing in mind two journals: T&uuml / rk Yurdu and Iktisadiyat Mecmuasi. The field of application of National Economy is explicated by an analysis of the first steps towards industrialization, especially after the Young Turk Revolution of 1908. It attempts to find answers to the questions as to how and to what degree the theoretical development of National Economy affected the Ottoman economic policies implemented.