24
December
2011
What would Christmas be without a Christmas tree? In Georgia, in Europe, or anywhere else in the world. But little known to most Europeans, most trees sold in Europe can trace their origin to Georgia.
21
December
2011
One of the definitions of a safety net that one can find on the internet is the following: “a net placed to catch an acrobat or similar performer in case of a fall”. This brings to my mind images of thrilling performances I saw at the circus when I was a child.
19
December
2011
While the cost of producing a film has indeed gone down and the world film market is indeed more open than ever, there is still an insurmountable obstacle in the way. The film industry is characterized by positive externalities, that is, the more films a country is producing, the easier it is to produce a film.
18
December
2011
Far from being the root of all evil, money is one of the most spectacularly useful human inventions. On par with the technology of a wheel, the technology of money has made civilization as we know it possible. But what kind of technology does money replace?
14
December
2011
Classical production theory knows three so-called “production factors”: labor, capital, and land. One needs a certain amount of each of these factors in order to set up a production of whatever good. Then, in the 20th century, it became common to not count land as a separate production factor anymore.
