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Pursuing Real Growth: The Importance of This Year’s Nobel Memorial Prize in Economic Sciences for the Planet and for Us
03 December 2018

This year has plagued a number of countries with tremendous natural disasters and extreme weather events. Greece was challenged with extensive fires and South Africa with a shortage of water. As late as November this year, the US was still struggling to tame forest fires. Something is certainly happening with the climate. These problems arise from society only being concerned with growth.

December 3, 2018 | Seasonal increase in dairy prices
03 December 2018

The average cost of cooking one standard portion of Imeretian Khachapuri stood at 3.62 GEL in November 2018. This is 0.8% higher month-on-month (compared to October 2018), and 2.2% lower year-on-year (compared to the previous November, 2017).

Georgia’s 2018 Presidential Election by Numbers
27 November 2018

On 28 November, the Georgian Central Election Commission (CEC) will hold the second round of the very last direct presidential election in Georgia before the constitutional pivot to indirect elections. This is the last stage of a political reform aiming at replacing the presidential political arrangement with the parliamentary system. The president’s powers in the new system will be extremely limited and largely symbolic.

ISET Launches Innovative New Modern Data Analysis Program
21 November 2018

As part of its MA in Economics program, ISET has launched a new Concentration in Modern Data Analysis (MDA), which is aimed at providing young professionals with expertise in data (including big data) management and analysis using modern analytical tools.

Money Can’t Buy Happiness. Or Can It? A Case Study from Yerevan
20 November 2018

I have been living away from Yerevan for four years. Over these years, every time I visited my city, I noticed more and more new (and fancy) cafes. Over time, I also noticed that café visits seemed to grow in numbers and I started wondering whether it was just my impression or the reality. I have been particularly puzzled by the paradoxical nature of the fact that people always complain about their wages and living standards, yet they do not mind spending money in cafés.

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