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Different Capitalisms
27 March 2013

Those among our readers who happened to spend a good deal of their lifetimes in the Soviet Union may remember that there was not just one kind of socialism, but there were many different versions.

On Social Planning, Symphonies and Cacophonies
22 March 2013

An unprejudiced look at the Georgian economy is rather disenchanting. Starting in 1990 at a per capita income that was close to Poland’s, Georgia went into a free fall as a result of secession wars, loss of markets, an explosion of crime and corruption, and the staggering incompetency of its governments.

The Economics of Happiness
19 March 2013

The Kingdom of Bhutan is a very special country. When in 2004 King Wangchuck announced that there would be free elections and the kingdom would be gradually transformed into a democracy, people demonstrated in the streets against these reforms.

Poverty in Georgia
05 March 2013

The ability of families to meet their most basic needs is an important measure for the development of a country. Poverty touches on questions of human dignity and fairness in society, but beyond that, poverty causes problems that may impair long-run economic prospects, like crime, social unrest, and underinvestment in human capital.

Free Trade vs. Protectionism: Georgia's Contribution to an Old Debate
01 March 2013

Georgia is flooded with cheap Turkish products: tasteless winter tomatoes, clothes, construction materials, you name it. Turkish goods are everywhere – in specialized shops in central Tbilisi, supermarkets, and the Eliava Bazroba.

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