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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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Author
  • Tinatin Akhvlediani
  • Giorgi Nebulishvili
  • Tornike Surguladze
  • Elene Kvanchilashvili
  • Ana Terashvili
  • Elene Tskhomelidze
  • Nutsa Shubashvili
  • Mariam Titvinidze
  • Ketevan Muradashvili
  • Elene Nikuradze
  • Aleksandra Shalibashvili
  • Tamar Mdzeluri
  • Eka Nozadze
  • Nutsa Bazlidze
  • Archil Chapichadze
  • Giorgi Bakradze
  • George Papava
  • Mery Julakidze
  • Givi Melkadze
  • Giorgi Machavariani
  • Giorgi Mekerishvili
  • Giorgi Bregadze
  • Rezo Geradze
  • Nino Abashidze
  • Giorgi Kelbakiani
  • Giorgi Tsutskiridze
  • Robizon Khubulashvili
  • Ia Vardishvili
  • Adam Pellillo
  • Saba Devdariani
  • Nikoloz Pkhakadze
  • Nino Mosiashvili
  • Charles Johnson
  • Maya Grigolia
  • Lasha Lanchava
  • Nino Doghonadze
  • Zurab Abramishvili
  • Mariam Zaldastanishvili
  • Gigla Mikautadze
  • Ivane Pirveli
  • Irakli Galdava
  • Florian Biermann
  • Irakli Shalikashvili
  • Olga Azhgibetseva
  • Phatima Mamardashvili
  • Eric Livny
  • Nino Kakulia
  • David Zhorzholiani
  • Irakli Barbakadze
  • Laura Manukyan
  • Selam Petersson
  • Lika Goderdzishvili
  • Sophiko Skhirtladze
  • Irakli Kochlamazashvili
  • Levan Pavlenishvili
  • Rati Porchkhidze
  • Gocha Kardava
  • Lasha Labadze
  • Muhammad Asali
  • Karine Torosyan
  • Levan Tevdoradze
  • Mariam Katsadze
  • Ana Burduli
  • Davit Keshelava
  • Giorgi Mzhavanadze
  • Elene Seturidze
  • Tamta Maridashvili
  • Mariam Tsulukidze
  • Erekle Shubitidze
  • Guram Lobzhanidze
  • Mariam Lobjanidze
  • Mariam Chachava
  • Maka Chitanava
  • Salome Deisadze
  • Ia Katsia
  • Salome Gelashvili
  • Tamar Sulukhia
  • Norberto Pignatti
  • Giorgi Papava
  • Luc Leruth
  • Sopha Gujabidze
  • Yaroslava Babych
Date From
Date To
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23 January 2013
Maka Chitanava
“The Paradox of Gifts: I Know What I Have Given You. I Do Not Know What You Have Received” - Dr. SunWolf
In 1993 Joel Waldfogel published a paper “The Deadweight Loss of Christmas” in which he declared that the tradition of gift-giving causes economic losses for society because recipients generally value the items they receive as gifts less than the price that was paid by the givers.
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18 January 2013
Givi Melkadze
On Inequality, Growth and the Kuznets Curve in Georgia
Is inequality bad for economic development? There has been a lively debate on this issue. Some economists argue that inequality is necessary for economic growth, while others are against it.
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17 January 2013
Giorgi Machavariani
A Comparison of Unit Labor Costs in Georgia, Armenia and Azerbaijan
Wages and productivity levels differ across countries. For instance, in 2011 the average yearly income in the US was about $53 000, whilst the same indicator was $250 in Madagascar.
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11 January 2013
Adam Pellillo
Institutions, Politics, and Development
How can a society become more prosperous? This question has been on the minds of economists and policymakers for centuries.
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09 January 2013
Giorgi Mekerishvili
Snobbism and Status Concerns – Primitives of Georgian Socio-historical Psychology and Their Economic Implications
In 1905, Max Weber, in his masterpiece, “The Protestant Ethics and Spirit of Capitalism”, proposed an interesting hypothesis which claimed that Protestantism, Calvinism, and Puritan ethics influenced the development of capitalism.
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24 December 2012
Eric Livny, Lasha Labadze
Celebrating the New Year. With an Extra Layer of Cheese
This is the last issue of the Khachapuri Index column in 2012 (#44 this year and #74 overall since the project’s launch in June 2011). Therefore, we would like to wish our readers many causes for the magnificent Georgian supra in the new 2013, with a lot of khachapuri and wine.
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