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The Need for Strategic Research
09 December 2013

When a country engages in scientific research, the fruits are harvested by the whole of humanity. Fundamental research, generating knowledge without direct applications but needed for developing applications, is published in international scientific journals open to everybody.

Language and Economics
02 December 2013

In the 1930s, the American linguist Benjamin Lee Whorf put forward the hypothesis that people of different mother tongues perceive the world differently. According to linguistic relativity or Whorfianism, both the grammatical structure and the vocabulary of a language influence the way how people think.

Clean Air is Lifetime
29 November 2013

Lifetime is one of the most precious assets. People are paying huge amounts of money to extend their lifespans, sometimes for gaining only weeks or months. And imprisonment and the death penalty is so widely applied punishments throughout all cultures and ages because people are scared off by the prospect of losing their life.

The Georgian Solution to the Tragedy of the Commons
28 October 2013

In Georgia today and in Europe in the past, villages owned pastures where every shepherd and cattle-herder in the community could take his animals. Grazing on these pastures was free and unrestricted. This land, owned by all villagers jointly, is traditionally referred to as the “commons” (in the last years, the term has been extended to also refer to free-to-use internet content).

The Most Economical Economic Indicators
23 September 2013

Measuring economic developments is often a laborious business. Consider, for example, the Consumer Price Index (CPI). One first has to define the so-called consumption basket that contains the goods and services whose prices you want to track. These goods and services have to be represented in the basket in the right proportions, reflecting the consumption patterns of an average consumer.

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