On Friday, July 15th, Professor David D. Friedman of Santa Clara University gave a presentation entitled “Market Failure Considered as an Argument both for and Against Government”. Professor Friedman is one of the leading libertarian thinkers in the USA and, together with Murray Rothbard, the most influential proponent of so-called anarcho-capitalism.
ISET is pleased to announce that a paper by Professor Noberto Pignatti entitled “Encouraging Women's Labour Force Participation in Transition Countries”, has been published as part of the IZA World of Labour series, an international platform that produces evidence-based advice for policymaking.
In 2014, 22% of Georgia’s working adults reported having worked more than 40 hours per week, i.e. working overtime. This may not sound like a lot, but, as an average figure, it hides a great deal of geographic variation in the incidence of overtime work. Very few people work overtime in places where there are almost no jobs, such as Kakheti or Racha. Conversely, more than 50% work over 8 hours/day in the dynamically developing Tbilisi, and as many as 44% in the adjacent Kvemo Kartli.
In June 2016, the average cost of cooking one standard Imeretian khachapuri increased to 3.12 GEL, which is 1.5% higher month-on-month (m/m, that is compared to May 2016), but 9.6% higher year-on-year (y/y, compared to June 2015).
ISET’s Pati Mamardashvili and her co-authors Grigorios Emvalomatis (University of Dundee) and Pierrick Jan (Agroscope, Switzerland) have recently published their research in the Journal of Agricultural and Resource Economics (JARE). The JARE is a peer-reviewed journal that publishes creative and scholarly economic studies in the fields of agriculture, natural resources, and other related areas.