Keynes from Kutaisi or what Sort Of Mistakes John Was Found by Georgian Scholar Economists

Emzar Jgerenaia

“Let`s start from investitions. Ordinary word meaning of that includes purchase of some old or new property by individuals or corporations.

Sometimes the term is limited by treasury bond purchasing as the stocks. But investitions my be under discussing while house or car buying, for instance, as well as while ready made output reserves or uncompleted production stockpile. And at last, new investitions with the difference from over- investitions, mentions every sort of capital property selling”.
John Maynard Keynes, employment, percentage and money general theory, Kutaisi, 1995, page: 88.
Oh, I started very hardly, so hardly that actually surprised myself. That is classical and principally unchanged explanation of investition up till today and futures the spring very. Spring possesses lots of hardships. Cause more then 60 thousand young people finish school and more then 30 thousand graduate from high schools first storage, 5 thousand graduate form professional collages first stage and 5000 thousand receive master` s degree. Just 15 000 of them will keep continue studying at the universities and left others will come out at the employment market for the job searching, where are just 1500 vacancies, according to expert accountings. Do not believe the condition is just ongoing in our county “constantly remembered” world faces the same –employee of young is a very hard issue. But what about Keynes? This Cambridge graduator, father of economy discovered “basic psychological rule” of the society –one ` s eager of utilization excels profits widening interest. But Keynes did not care about Georgia while his postulations creating in Cambridge, because Georgia faces the same level of utilization, including 98 % as profit level. Why? Because we do not like Keynes and do not base on him while reading hundreds of pages including books related to his profile? Or Georgian economic schools has their fathers and run their path? Or Georgian economy is absolutely orphan? No, no and no!!!!! . . .
We have our national originalities and if Keynes would be alive I would proudly and directly tell him the following: that is important factor, we are expense and spree lover nation and were from ancient times. So, these fundamental models and schemes of Keynes are not able to be in action among us. And for instance, his attitude towards unemployment, inflation and money amount.
No we are or neo- Keynesialists or may be the best ones anti – Keynesialists.
Georgia faces investition boom, what is followed with inflation hit and unemployment treat. Keynes tells about voluntary unemployment and illusion of complete employment. We, Georgian economists moved further and created self- employment category. While Keynes and his teachers –A. Marshal ` s and A. Purig ` s time existed family thrifts, but they absolutely did not care about moving it into self –employment category. But, we created, and self – employment takes up approximately 100 000 army of newly born unemployed. Yes, they are talking about bad qualification level in the west and did not receiving education at our sky- blue colored west based newly created institutes. Is that right? –Exactly We do waaaaaaaant the west MBA>PHD and like that. But other left? Other left will be self – employed. But the price of these west marks and degrees includes 5000 euros and 12 000 USD and the salary of the specialists in Georgia will include 500 -800 USD considering optimal variant? Oh, did you guess what is the role of investition? Keynes war repeatedly mistaken, he should add –investing in education. Did not add? Let him blame himself. We added and created cascade of new theories –study invesitions. But we face just one problem, and again according to Keynes, when he is reporting about utmost effectiveness of the capital (page: 159), the effectiveness highlight of the sphere is not facing its top level?! That ` s not a problem, new Georgian science works concerning the issue and will try its best. The main is we have discovered new sort of employment and self –employment. So, I would like report all that 100 000 young people: employee yourself immediately in self – employment. What does it mean? Oh, you should not learn Keynes at the institute for the issue understanding, but investition theory of several Georgian economists and you would understand the deal and would not come across the problem. They already concerned to the issue in Kutaisi and established Keynes in Kutaisi, employment, percentage and money general theory in Georgia, according him. They say exactly reflecting us, but who believes Keynes from Kutaisi, but the deal would be differ if he would be from Cambridge. Do not start telling now that he is that Keynes and if he is what he had lost in Kutaisi and how he could been such many times mistaken???!!!
I guess where these 100 000 young people will go? Or what would Keynes response if he would be alive? No, I must look though the Keynes again, may be I` ll find out something else, expect just the self- employment.