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ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.
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  • Tinatin Akhvlediani
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World of EconoBlogs
End of the week –and a fresh serving of interesting links from economist bloggers and blogging economists. 1.  Joe Weisenthal from the Business Insider tells us how Ben Bernanke murdered the gold standard – and good riddance too! 2.  Nice infographics from Turbotax on the history of taxes in the US. 3.  Econbrowser discusses the prospects of the Eurozone crisis. 4.  Michael Sandel talks about market thinking from an unusual point of view. Quite illuminating, in a way. 5.  The Free Exchange blog explains (or tries to explain) several of America’s macro puzzles. As usual, excellent read. 6.  Noahpinion talks about an interesting model of asset bubbles. 7.  A very nice piece on heterogeneity from the Minneapolis Fed. 8.  Some stabs in the back of libertarianism from Noahpinion again. Couldn’t agree more, really. 9.  Witty counterfactual from our old friend, Worthwhile Canadian Initiative. 10. And from him again, something useful for those who like myself teach macro – problems with teaching SRAS shocks
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Is small scale agriculture necessarily inefficient?
The very sharp seasonal fluctuations in the prices of many agricultural products in Georgia are indicative of the state of the Georgian agricultural sector. Agriculture provides a safety net for a very large number of jobless people who might otherwise be starving and thus serves a very important social function.
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The Price of a Room
A recent NBER working paper by Diego Comin caught my attention. The paper explores the tourism industry in Tanzania and tries to answer a few questions. The results should be taken with a grain of salt, as the methodology appears to be less watertight than in your usual NBER working paper.
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World of EconoBlogs
It’s Friday – so it’s time for a new portion of interesting links from around the world of EconoBlogs.
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The Crucial Type of Capital
Recently the Georgian government started a campaign for attracting foreign capital to the country. A whole page ad (pictured above) runs on one of the first pages in the print edition of The Economist for already a month.
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The Power of Ambiguity
I know. I know that I know. For as long as the human race existed, knowledge embodied power. In the life of a society, however, what becomes even more important is the fact that we share certain knowledge with fellow human beings, and that we, moreover, are aware of each other’s knowledge.
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