ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Feb
03

Does Competition Spoil People?

Many of the influential critics of capitalism shared a sentiment that life under competitive pressure is not good for human beings. Marx felt deep uneasiness about the fact that workers have to “sell” their workforce -- he feared that this would contribute to “alienation” between the worker and their work. One of the main objectives of the Socialist society was therefore to create a new kind of human, a human who would not compete with others in the market arenas and who would not be driven by selfish motives. Rather, the human grown in Socialism would c...
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Guest — tbilisipr
Great piece, indeed we can still observe early stage economics and marketing in practice with many sectors - not least the food se... Read More
Tuesday, 03 February 2015 7:07 PM
Guest — Eric Livny
Andrew, I tend to agree with many of your points. Indeed, competition and "markets" are not the only (and not always the best) mec... Read More
Wednesday, 04 February 2015 10:10 AM
Guest — Andrew Parkinson
Yes, competition between restaurants, bakeries, shops, etc. is largely a good thing, but that is hardly a particularly novel obser... Read More
Tuesday, 03 February 2015 7:07 PM
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Dec
15

The Economics of Great Personalities

Some weeks ago, I was invited by a development bank to the Hotel Eden in Kvareli, Kakheti, where we discussed Georgia’s possibilities to develop economically. When we talked about the potential of the manufacturing sector, one of the attending bank employees said: “The problem is that Georgia does not have Rudolf Diesel and Nikolaus Otto.” I think that there is some truth in this sentence, which one might alter so that it fits better to modern times: “The problem is that Georgia does not have a Mark Zuckerberg/Steve Jobs/Bill Gates/Larry Page” or, to rem...
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Guest — RT
> If Einstein was born to smallholder farmers in Ethiopia, it is unlikely that his great potential would have materialized. I hear... Read More
Monday, 15 December 2014 12:12 PM
Guest — Florian
The problem is the vicious nepotism. If jobs are assigned primarily by connection, not by qualification, of course it is unattract... Read More
Tuesday, 23 December 2014 4:04 PM
Guest — Nino
Indeed, we need to get the institutional framework right.Unfortunately, today people, who could be great personalities do not have... Read More
Monday, 15 December 2014 12:12 PM
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Nov
28

Career Guidance for Unemployed Georgians

One of the most puzzling aspects of the Georgian labor market is what is known as the “qualification mismatch”. While unemployment is high, many positions remain vacant due to a lack of qualified applicants. There is plenty of casual evidence that there is such a mismatch. Recently, a World Bank delegation we hosted at ISET reported about a meeting they had with Georgian entrepreneurs. One of those businessmen, active in the construction sector, was bringing welders from Turkey to Tbilisi, paying them extraordinarily high salaries (Turkish wage level plu...
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Guest — mfmsm
There should be vocational options available especially for boys from age fourteen or so, and the ability to migrate into vocation... Read More
Friday, 28 November 2014 6:06 PM
Guest — Hans Gutbrod
ok, I like the general idea, and I agree that carpenters, welders, and plumbers plus a number of other skilled workers could do we... Read More
Friday, 28 November 2014 6:06 PM
Guest — Oliver Reisner
The right link is http://www.worknet.gov.ge/
Saturday, 29 November 2014 2:02 PM
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Nov
17

Kakha Bendukidze. End of an Epoch?

  The post-communist world lost one of its greatest sons last week – a freedom fighter who devoted his life to the daunting task of cleansing Eastern Europe and Eurasia from the shackles of Soviet thinking and bureaucracy. Like Che Guevara before him, Big Kakha’s legacy transcends national borders. His crusade for liberty and human dignity took him in 2004 from Russia to Georgia, and – in the last year of his life – from Georgia to Ukraine. He was eager to help revolutionaries and reformers all over the world, not sparing his time, money and effort...
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Guest — Sanjit
Extremely well written article in an area that is the author's forte. We often write best the stuff we know best.
Monday, 17 November 2014 4:04 PM
Guest — Eric Livny
Good points, Helene... One could perhaps claim that thanks to Kakha we are starting from clean slate But I agree with your point ... Read More
Monday, 17 November 2014 8:08 PM
Guest — Helene Ryding
Only one problem with what Bendukidze was doing. The removal of many old regulations, only for the EU to insist on bringing in so... Read More
Monday, 17 November 2014 7:07 PM
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