Putting “choose” in quotation marks is the main part of the title and a hint to my subjective view on the issue to be discussed in this post.
Based on my own experience and on the experience of my friends and acquaintances I came to the conclusion that most Georgian youths do not autonomously choose to get higher education, rather their choice is made directly by their parents. This is the case when parents impose their will upon their children. This is a case of paternalism, which means imposing your own will upon another person for his/her own good. Th...
ISET Economist Blog
A blog about economics in the South Caucasus.
Jul
17
Jul
06
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...
Jul
04
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. While the bulk of khachapuri cost is related to home grown agricultural products, to actually cook khachapuri one has to use energy. And though the share of energy in the total cost is very low, less than 6% (15 tetri, if using gas; 16 – if using electrical oven), it does not make the sector any less interesting to discuss.
Let us begin by stating the obvious: ever since we started our Khachapuri Index survey i...
Jun
29
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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