21
September
2013
Few events in Georgian history had consequences that were as far-reaching as the infamous Treaty of Georgievsk of 1783. At the end of the 18th century, Erekle II. (1720-1798) handed over his kingdom of Kakheti and Kartli to the Russians, aligning the fates of Georgia and Russia for the next two centuries.
18
September
2013
Ukraine’s agriculture started progressing after the land reforms of 2001, which established an effective land rental market. While the titles to land still belong to former kolkhoz and sovkhoz members, agricultural land can now be easily aggregated and leased to interested businesses.
18
September
2013
To what extent do prices formed in natural trading modes aggregate dispersed information? This was the leading question of the presentation Professor Asher Wolinsky held at ISET on September 9, 2013. The presentation was based on the joint work of Stephan Lauermann and Asher Wolinsky.
16
September
2013
Recently, I was made aware of an article by the famous Harvard economist Gregory N. Mankiw ("Defending the One Percent’’, The Journal of Economic Perspectives, 2013). In that article, he puts forward an interesting thought experiment. Assume we were in a state in which the market outcome would lead to absolute equality among economic agents.
13
September
2013
On June 28, the Georgian Parliament passed a bill imposing a moratorium on land acquisition by foreigners and foreign-owned legal entities till the end of 2014. The bill effectively reversed an earlier policy that welcomed foreigners to settle and invest in Georgia’s agricultural sector, a policy culminating in the seemingly outlandish program seeking to bring to Georgia – and offer fast-track naturalization to – dozens of expert farmers from South Africa.
