From Retroeconomics to Sanctionomics

"A wide-ranging, stimulating, and unconventional set of essays on the state of economics and economic policy. Everyone will find something of interest in these reflections."- DANI RODRIK, Professor of International Political Economy, Harvard's John F. Kennedy School of Government, Harvard University, President of the International Economic Association, USA"A wide-ranging group of essays on current issues of economic policy, informed by theory, and enlightened by the perspective of an astute observer in post-Soviet Georgia-with excellent views facing both East and West."- JAMES K. GALBRAITH, Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government, The University of Texas at Austin, USA"Professor Vladimer Papava has lived through major upheavals such as a post-socialist transition and a global financial crisis, keeping an eye on the developments from his vantage point in Tbilisi, Georgia. The stimulating essays that have resulted from his observations, collected in this volume, share a heterodox stance, one that showcases appreciation for-and creative destruction of-mainstream economics. Economists and other social scientists will be introduced to novel, promising approaches, which themselves derive from an enviably wide-ranging examination of the international literature. Just as we learn in Professor Papava's essays how to avoid a post-socialist 'necroeconomy' (where production of goods with no demand continues), the volume itself helps protect us against a necroeconomic scientific discipline. May the unconventional become conventional!"- JAMES A. LEITZEL, Executive Director of Public Policy Studies, Harris School of Public Policy, University of Chicago, USA"A book to be read and studied as one digs through a mine in search of many gold veins, in this case formed through the author's intellectual curiosity, long-standing scholarly work, and experience."- SERGIO MARIOTTI, Professor Emeritus, Dept. of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy