ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Giorgi Bakradze has not set their biography yet
Oct
13

Economics Everywhere. What Does a Cheap Violin Have to Do With Romanticism?

The term “economics imperialism” has been coined in recent decades to describe a tendency of economists to meddle with such seemingly non-economic aspects of life as crime, the family, irrational behavior, politics, culture, religion and war. Mine is an attempt to invade the world of music. Let’s visit Versaille first: This is baroque music, middle baroque, to be more precise. It is written by a guy, whose name was Jean Baptiste Lully for another guy, who went by a nickname a Sun King. The latter was a sucker for a good operas, ballets and...
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Jul
06

World of EconoBlogs

The day of select economic links has come! 1.  Ukrainewatch blog links to the ISET blog post by Michael Fuenfzig. International publicity is great! 2.  Interesting stats from Mark Perry. I was always sure that US had the cheapest food compared to the income. My intuition was correct! 3.  And from him again, a controversial but quite sensible post on racial diversity in practice. 4.  Some economists think that there’s no real crisis in Europe. Do you agree? 5.  The Economist writes about the similar recent decisions of three o...
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Jun
29

World of EconoBlogs

Best day of the week – best links from Giorgi! 1.  Sad news first – Anna Schwartz, famous for being Milton Friedman’s collaborator, passed away at the age of 96. RIP… 2.  A somewhat original way of saving the Euro, from NY Times. 3.  And an orthodox approach to the same problem, from Economics Help blog. 4.  Not exactly economics (in fact, not economics at all!) but I’m sure you, as well as I, have long been interested why supermarket fruits and vegetables look so well and taste, erm, not so well. Here’s the answer for tomatoes. I’...
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Jun
15

World of EconoBlogs

Best day of the week – best links from Giorgi! 1.  A short note about inflation targeting pros and cons from Economics Blog. 2.  Bloomberg tells us how the banks really became “too big to fail”. 3.  The Economist tells us about of yet another reason to envy China. At least, from the India’s point of view. 4.  Noah Smith tells us, what the college education is really about. 5.  Nick Rowe has a new (at least for economists) meaning for the word “nonlinearity” and tells us what problems are there with linear and nonlinear presen...
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Jun
08

World of EconoBlogs

TGI Friday – let’s see, what have economist bloggers and blogging economists prepared for us! 1.  Interesting examples of perverse incentives from Mark Perry. Can you think of other examples? 2.  How companies are replacing oil – from LA Times and Startribune. Again, examples from our reader would be appreciated. 3.  Not exactly a blog post but an ingenuous business idea. Shall South Caucasus offer its united forces for sale too? J 4.  What happens, when policymakers don’t know their Econ 101, from EclectEcon. 5.  Pros and co...
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Jun
02

World of EconoBlogs

Another Friday – and a slightly overdue post with the news from all around econoblog-world. Some of my favourite bloggers seem to have taken a hiatus – hence the somewhat short post today. 1.  Let’s start with some description of future events, were the Greece to leave the Euro. 2.  And talking of the devil – a survivor’s guide for the end of the Euro itself, from the Baseline Scenario. 3.  The Economist’s Free Exchange blog has a nice post on the “Facebook economy”. 4.  And the same blog has a long but very interesting discussion ...
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