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We economists tend to search for economics behind everything. It's as if it is some kind of disease, for which there is no cure. I admit, I myself suffer from it.
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In the 1990s, my brother traveled to Georgia with a friend. They were cruising around with an old van, looking for archaeological sites and other cultural heritage.
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In the last week's Khachapuri Index column in The Financial, we took a break from agriculture and focused instead on the energy sector of Georgia.
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I am writing this post in the wake of Florian Biermann’s excellent piece on the role of culture in the economic life of Georgia. The debate itself is infinitely fascinating, as culture is truly one of those complex, stupendously vast concepts, which I find very difficult to grasp, let alone define or analyze.
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Members of the same nation have the same “cultural background”, which means that they share a good deal of political and social values and ideals, and they tend to believe in the same recipes to solve their problems.