Browsing by Author "Julakidze, Merab"

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    Economic problem of long-term development
    (Ivane Javakhishvili Tbilisi State University Press, 2021) Julakidze, Merab
    The theory and practices of long-term development is a crucial subject matter in modern economics. The level of knowledge is a principal boundary between the present and future stances of the economy, and at the same time it is also a bridge. Until sufficient amount of knowledge is accumulated, future is mainly uncertain, and to make this better a bridge needs to be built or, in other words, knowledge needs to be accumulated. Only after meeting the basic needs of the society will we be able to move to a new phase: redirecting our efforts towards genuine interests and challenges. Social consistent pattern is that society as a whole is late to achieve what certain individual have already attained.
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    The theory of choice in behavioral economics
    (Ivane Javakhishvili Tbilisi State University Press, 2018) Julakidze, Merab
    The article discusses the essence of Behavioral Economics, which is integration of Economics and Psychology, it discusses how people think and act when making economic decisions, it learns three basic characteristics of economic analyses: limited rationality, perceptions about fairness, and lack of self-control, analyzes mental accounting system, role of Nudging, pension plan: Save More Tomorrow, Libertarian Paternalism, and finally, it supports by evidence the necessity of using behavioral economic approaches and principles when doing economic analyses in the process of defining economic policy.