ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Giorgi Bakradze has not set their biography yet
Mar
30

World of EconoBlogs

Another Friday – and more interesting links from your EJ[1] Giorgi. 1.  David Glasner along with Paul Krugman discusses, whether Milton Friedman was really a closet Keynesian. What a pity Freud didn’t live to see this discussion. 2.  Interesting link from Michael Fuenfzig – would Georgians really save more if the Georgian language didn’t have an explicit future tense? I doubt that – we already live as if there is no tomorrow! 3.  Mark Perry shows once again that markets can be in everything – this time he discovers professional line-stan...
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Mar
23

World of EconoBlogs

End of the week –and a fresh serving of interesting links from economist bloggers and blogging economists. 1.  Joe Weisenthal from the Business Insider tells us how Ben Bernanke murdered the gold standard – and good riddance too! 2.  Nice infographics from Turbotax on the history of taxes in the US. 3.  Econbrowser discusses the prospects of the Eurozone crisis. 4.  Michael Sandel talks about market thinking from an unusual point of view. Quite illuminating, in a way. 5.  The Free Exchange blog explains (or tries to explain) ...
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Mar
16

World of EconoBlogs

It’s Friday – so it’s time for a new portion of interesting links from around the world of EconoBlogs. 1.  Our already regular contributor Michael Fuenfzig informs us that TEDx talks at Tbilisi State University are now available on Youtube. Interesting and important news for anyone who knows what TED is. And if you don’t – a good opportunity to start. 2.  Brad DeLong has an interesting post on how far the US Treasury borrowing could go, before it actually becomes harmful for the economy. The answer, conditional on the present economic conditio...
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Mar
10

Strange Currencies

We all know how inventive (and sometimes devious) the human mind can be in inventing different kinds of mediums of exchange – which we simply call money. Everybody has heard of cigarettes or cowrie shells, used by people in different economic situations as a replacement for all so familiar gold coins or Ben Franklin portraits in green. And everyone who has read an intermediate macro book by Gregory N. Mankiw must remember the fascinating story of 12-feet stone wheels used as the currency on the mysterious Island of Yap (Image 1). However, it appears that...
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