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Yellow Moving Saunas in the Streets of Tbilisi: A Tragedy
19 July 2013

Tbilisi public transportation resembles a classic Greek tragedy. In those pieces, usually, the gods interfere with human affairs and create a big mess. In Tbilisi, marshrutkas were operating in a competitive market and state intervention led to the creation of a monopoly.

A New Competition Law for Georgia: Much Ado About Nothing?
31 May 2013

The mountain of promises to modify Georgia’s liberal labor code has recently produced a little mouse in the shape of a statement by Deputy Prime Minister Giorgi Margvelashvili who, according to GeorgiaNews.ge, “branded the new labor code project a “dream of Rosa Luxemburg”.

Rethinking Medical Residency Programs in Georgia
01 February 2013

According to the Law of Georgia on Medical Activity, postgraduate medical education can take place only in accredited institutions and/or medical schools from March 2009 onwards.

“The Paradox of Gifts: I Know What I Have Given You. I Do Not Know What You Have Received” - Dr. SunWolf
23 January 2013

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.

Economics Everywhere. What Does a Cheap Violin Have to Do With Romanticism?
12 October 2012

The term “economics imperialism” has been coined in recent decades to describe a tendency of economists to meddle with such seemingly non-economic aspects of life as crime, the family, irrational behavior, politics, culture, religion, and war. Mine is an attempt to invade the world of music.

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