ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Feb
03

Does Competition Spoil People?

Many of the influential critics of capitalism shared a sentiment that life under competitive pressure is not good for human beings. Marx felt deep uneasiness about the fact that workers have to “sell” their workforce -- he feared that this would contribute to “alienation” between the worker and their work. One of the main objectives of the Socialist society was therefore to create a new kind of human, a human who would not compete with others in the market arenas and who would not be driven by selfish motives. Rather, the human grown in Socialism would c...
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Guest — tbilisipr
Great piece, indeed we can still observe early stage economics and marketing in practice with many sectors - not least the food se... Read More
Tuesday, 03 February 2015 7:07 PM
Guest — Eric Livny
Andrew, I tend to agree with many of your points. Indeed, competition and "markets" are not the only (and not always the best) mec... Read More
Wednesday, 04 February 2015 10:10 AM
Guest — Andrew Parkinson
Yes, competition between restaurants, bakeries, shops, etc. is largely a good thing, but that is hardly a particularly novel obser... Read More
Tuesday, 03 February 2015 7:07 PM
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Nov
25

Economic Reflections in the Kakheti Mountains

Over the last weekend I was invited by an international development bank to run a workshop in the nice Hotel Eden in Kvareli, Kakheti. The topic of the workshop was “Georgia’s economic future”. We started the workshop by discussing the great promise of development economics: “Do the right policy, and you’ll be fine”. Economists like Thorvaldur Gylfason like to show the growth paths of pairs of countries with somewhat similar characteristics, like Mauritius and Madagascar, Singapore and Malaysia, Botswana and Nigeria, and Ireland and Greece. In these pair...
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Guest — Eric Livny
Having just come from Korea, and having observed the Korean economic miracle from close range (thought not at great depth), I can ... Read More
Tuesday, 25 November 2014 4:04 PM
Guest — NP
Very nice! Now, here is a (provocative?) comment about the following statement (and what follows it). "Afterwards, a country has t... Read More
Tuesday, 25 November 2014 4:04 PM
Guest — Adam
I still think there's plenty of room for growth in all sectors in Georgia and I see catch-up growth everywhere I go. There's now a... Read More
Tuesday, 25 November 2014 8:08 PM
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