Another Friday – another post with interesting links on economics.
You may think that the subject matter of economics is human behavior. Well, not so fast.
Anyone who has seen an old American classic “Best Years of Our Lives” (1946) probably remembers the scene where one of the protagonists, Al Stephenson, a banker who just returned from the war in the Pacific, tells his incredulous colleagues: “Our bank is alive. It’s generous.
One of the current economic mysteries of the South Caucasus and the source of certain uneasiness on the part of world development organizations has been the significant rise in the recent years of the consumption to output ratio in Georgia.
Recently the Georgian government started a campaign for attracting foreign capital to the country. A whole page ad (pictured above) runs on one of the first pages in the print edition of The Economist for already a month.