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Universal Basic Income – a Utopian Dream that May Soon Become a Reality
29 May 2016

Early next month, the eyes of the world will briefly turn to Switzerland. On June 5th, the citizens of this prosperous country will vote in an unprecedented referendum on the idea of guaranteeing each citizen a basic income equivalent to roughly 30,000 USD per year.

Georgia’s Revolutions and Economic Development: from 2004 to Present Time
23 May 2016

Following the collapse of the Soviet Union, the Georgian nation went through a process of rapid disinvestment and de-industrialization. It was forced to shut down industrial plants, sending scrap metal abroad, and workers into subsistence farming. Hunger has never become an issue thanks to the country’s moderate climate and good soil conditions, yet inequality and associated political pressures rapidly reached catastrophic dimensions, unleashing cycles of violence, undermining the political order, and inhibiting prospects of economic growth.

On Rational Procrastination
22 May 2016

One of the most fundamental assumptions in mainstream economics is the rationality of humans. Yet, as argued by Timothy A. Pychyl, professor of psychology at Carleton University in Canada, frequently observed procrastinating behavior, i.e. the “needless voluntary delay” (Pychyl), cannot be reconciled with the rational man paradigm.

Georgia’s Revolutions and Economic Development: From Independence to Rose Revolution
16 May 2016

Having just celebrated its 25th anniversary as an independent state, Georgia remains in a state of revolutionary flux. Just like a box of chocolate, this beautiful country is full of contrasting flavors, never losing the ability to surprise and fascinate at every twist and turn of its history.

Coordination Games
05 March 2016

Some years ago my dad, who is an avid blogger, wrote a piece about a plague of disorderly advertising that was choking Kyiv. Notices promoting everything under the sun were plastered on the walls, fences, lamp-posts, in metro cars, on the bus stops, even on the pavement. Our own building’s entrance was a sad sight – always covered with debris of paper and glue.

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