One of the recurring themes of Soviet propaganda was the tractor. Think for example of the film “Zemlya” by Alexander Dovzhenko, which features the triumphant arrival of the first tractor in a village and leaves no doubt that communism is to thank. Fast forward eighty years and this press release leaves no doubt that the President of Georgia is to thank for the arrival of 126 tractors to Georgia.
The tractors will be allocated to 12 service centers across Georgia, giving small farmers access to modern agricultural equipment. It s...
ISET Economist Blog
A blog about economics in the South Caucasus.
Apr
10
Apr
06
We should rename Friday to Econlinksday – at least on the ISET blog. So here are the links:
1. Nick Rowe, aka Worthwhile Canadian Initiative continues offering some unorthodox views. This time it’s inflation targeting vs. gold standard. 2. The Economist’s Free Exchange blog discusses whether the ECB’s response to crisis has been adequate. 3. The American Interest describes a(n almost) paradise that is export-oriented America. 4. GOOD walks us through the recent economic developments in the US (use left-right arrows to nav...
Apr
03
I was happy to see that my blog post “Who needs a safety net?” stimulated a lively debate, which was exactly its purpose. However, so many points have been raised that I have decided to write a new post on the topic rather than answering to each one of them separately.
Johannes Jütting (Head of the Poverty Reduction section at the OECD Development Center in Paris) argues in an article recently published by The Georgian Times in its online version that “rising inequality, lack of civic participation, political apathy, and a dearth of good jobs, particular...
Mar
30
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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