The New Economic School – Georgia (NESG) (in Georgian: ახალი ეკონომიკური სკოლა საქართველო) is a free market think-tank,

non-profit organisation A nonprofit organization (NPO), also known as a nonbusiness entity, nonprofit institution, not-for-profit organization, or simply a nonprofit, is a non-governmental (private) legal entity organized and operated for a collective, public, or so ...

NGO A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...

based in

Tbilisi Tbilisi ( ; ka, თბილისი, ), in some languages still known by its pre-1936 name Tiflis ( ), ( ka, ტფილისი, tr ) is the Capital city, capital and List of cities and towns in Georgia (country), largest city of Georgia ( ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...

. Its main

mission Mission (from Latin 'the act of sending out'), Missions or The Mission may refer to: Geography Australia *Mission River (Queensland) Canada *Mission, British Columbia, a district municipality * Mission, Calgary, Alberta, a neighbourhood * ...

is education of young people in

free market In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of ...

ideas. It organizes

seminar A seminar is a form of academic instruction, either at an academic institution or offered by a commercial or professional organization. It has the function of bringing together small groups for recurring meetings, focusing each time on some part ...

workshop Beginning with the Industrial Revolution era, a workshop may be a room, rooms or building which provides both the area and tools (or machinery) that may be required for the manufacture or repair of manufactured goods. Workshops were the only ...

s and conferences for

education Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...

and exchanges of ideas. NESG was founded by Georgian individuals to fill the gap of the

market economy A market economy is an economic system in which the decisions regarding investment, production, and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a mark ...

knowledge Knowledge is an Declarative knowledge, awareness of facts, a Knowledge by acquaintance, familiarity with individuals and situations, or a Procedural knowledge, practical skill. Knowledge of facts, also called propositional knowledge, is oft ...

in the country and the deficit of good teachers and economics textbooks. According to the ''2014 Global Go To

Think Tank A think tank, or public policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governme ...

Index Report'' (

Think Tanks and Civil Societies Program The Think Tanks and Civil Societies Program (TTCSP) was a non-profit program at the University of Pennsylvania in Philadelphia, Pennsylvania, that operated from 1989 to 2021. TTCSP was originally established at the Foreign Policy Research Insti ...

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

), NESG was number 22 (of 45) "Top Think Tanks in Central Asia". Table 8, p. 74 The name ''New Economic School'' means different vision, school of thought. NESG is not an academic institution but rather a voluntary cooperation of individuals to find more ideas about

Human Action ''Human Action: A Treatise on Economics'' is a work by the Austrian economist and philosopher Ludwig von Mises. Widely considered Mises' ''magnum opus'', it presents the case for laissez-faire capitalism based on praxeology, his method to under ...

. NESG was established as an alternative to Marxian school which was very influential having an absolute monopoly in the academic circles and universities in Georgia.

Vision

According to its web-site, NESG is a

think-tank. It helps the new

generation A generation is all of the people born and living at about the same time, regarded collectively. It also is "the average period, generally considered to be about 20–⁠30 years, during which children are born and grow up, become adults, and b ...

s in

and the

South Caucasus The South Caucasus, also known as Transcaucasia or the Transcaucasus, is a geographical region on the border of Eastern Europe and West Asia, straddling the southern Caucasus Mountains. The South Caucasus roughly corresponds to modern Armenia, ...

to understand more about how the

market Market is a term used to describe concepts such as: *Market (economics), system in which parties engage in transactions according to supply and demand *Market economy *Marketplace, a physical marketplace or public market *Marketing, the act of sat ...

works. It is also supporting young

politicians A politician is a person who participates in policy-making processes, usually holding an elective position in government. Politicians represent the people, make decisions, and influence the formulation of public policy. The roles or duties tha ...

and

journalists A journalist is a person who gathers information in the form of text, audio or pictures, processes it into a newsworthy form and disseminates it to the public. This is called journalism. Roles Journalists can work in broadcast, print, advertis ...

to find out what kind of

economic policies ''Economic Policy'' is a quarterly peer-reviewed academic journal published by Oxford Academic on behalf of the Centre for Economic Policy Research, the Center for Economic Studies (University of Munich), and the Paris School of Economics. The jo ...

exist in the

world The world is the totality of entities, the whole of reality, or everything that Existence, exists. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique, while others talk ...

. Ideas of the NESG are based on the two approaches of

Public Choice Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science."Gordon Tullock, 9872008, "public choice," ''The New Palgrave Dictionary of Economics''. . It includes the study of po ...

and

Austrian School of Economics The Austrian school is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with their ...

. NESG seminars teach their students ideas of

Adam Smith Adam Smith (baptised 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by some as the "father of economics"——— or ...

Carl Menger Carl Menger von Wolfensgrün (; ; 28 February 1840 – 26 February 1921) was an Austrian economist who contributed to the marginal theory of value. Menger is considered the founder of the Austrian school of economics. In building his margi ...

Ludwig von Mises Ludwig Heinrich Edler von Mises (; ; September 29, 1881 – October 10, 1973) was an Austrian-American political economist and philosopher of the Austrian school. Mises wrote and lectured extensively on the social contributions of classical l ...

Friedrich Hayek Friedrich August von Hayek (8 May 1899 – 23 March 1992) was an Austrian-born British academic and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobe ...

Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and ...

Ayn Rand Alice O'Connor (born Alisa Zinovyevna Rosenbaum; , 1905March 6, 1982), better known by her pen name Ayn Rand (), was a Russian-born American writer and philosopher. She is known for her fiction and for developing a philosophical system which s ...

Murray Rothbard Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School,Ronald Hamowy, ed., 2008, The Encyclopedia of Libertarianism', Cato Institute, Sage, , p. 62: "a leading economist of the Austri ...

James Buchanan James Buchanan Jr. ( ; April 23, 1791June 1, 1868) was the 15th president of the United States, serving from 1857 to 1861. He also served as the United States Secretary of State, secretary of state from 1845 to 1849 and represented Pennsylvan ...

Gordon Tullock Gordon Tullock (; February 13, 1922 – November 3, 2014) was an American professor of law and economics at the George Mason University School of Law. He is best known for his work on public choice theory, the application of economic thinking t ...

and other great thinkers of

economic schools.

Activities

NESG is active in two directions

seminars A seminar is a form of academic instruction, either at an academic institution or offered by a commercial or professional organization. It has the function of bringing together small groups for recurring meetings, focusing each time on some part ...

and

publications To publish is to make Content (media), content available to the general public.Berne Conv ...

. The activities are financed by the NESG and its partners

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

an or

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, p ...

charitable Charity is the voluntary provision of assistance to those in need. It serves as a humanitarian act, and is unmotivated by self-interest. Various philosophies about charity exist, with frequent associations with religion. Etymology The word ...

foundations. All the

publications To publish is to make Content (media), content available to the general public.Berne Conv ...

are posted on the web-site of the NESG and can be downloaded for free. NESG doesn't charge any

fee A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contrad ...

for participating in the

. The themes of the seminars and publications are

academic An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of tertiary education. The name traces back to Plato's school of philosophy, founded approximately 386 BC at Akademia, a sanctuary of Athena, the go ...

and

public policy Public policy is an institutionalized proposal or a Group decision-making, decided set of elements like laws, regulations, guidelines, and actions to Problem solving, solve or address relevant and problematic social issues, guided by a conceptio ...

to bring better knowledge to young people. Main

policy Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an or ...

ideas discussed by the participants on the seminars are:

property rights The right to property, or the right to own property (cf. ownership), is often classified as a human right for natural persons regarding their Possession (law), possessions. A general recognition of a right to private property is found more rarely ...

health Health has a variety of definitions, which have been used for different purposes over time. In general, it refers to physical and emotional well-being, especially that associated with normal functioning of the human body, absent of disease, p ...

pensions A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a "defined benefit plan", wher ...

public transportation Public transport (also known as public transit, mass transit, or simply transit) are forms of transport available to the general public. It typically uses a fixed schedule, route and charges a fixed fare. There is no rigid definition of whi ...

public finances Public finance refers to the monetary resources available to governments and also to the study of finance within government and role of the government in the economy. Within academic settings, public finance is a widely studied subject in man ...

etc. These ideas are crucial for the Georgian individuals to get rid of

poverty Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse Biophysical environmen ...

and reorganize

country A country is a distinct part of the world, such as a state, nation, or other political entity. When referring to a specific polity, the term "country" may refer to a sovereign state, state with limited recognition, constituent country, ...

into a contemporary

society A society () is a group of individuals involved in persistent social interaction or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. ...

free Free may refer to: Concept * Freedom, the ability to act or change without constraint or restriction * Emancipate, attaining civil and political rights or equality * Free (''gratis''), free of charge * Gratis versus libre, the difference betw ...

but responsible

people The term "the people" refers to the public or Common people, common mass of people of a polity. As such it is a concept of human rights law, international law as well as constitutional law, particularly used for claims of popular sovereignty. I ...

. NESG has organized more than 800 events, up to 100 international, with participants from more than 60 countries, in total up to 35 thousands. NESG played an important role in the famous Georgian reforms - by trainings of public officials, organizing discussions and workshops, as well as training of politicians, journalists, judges and representatives non-governmantal sector (2005-2012). To support the reforms intellectually and practically NESG invited to Georgia several famous reformers

Mart Laar Mart Laar (born 22 April 1960) is an Estonian politician and historian. He served as the Prime Minister of Estonia from 1992 to 1994 and from 1999 to 2002. Laar is credited with having helped bring about Estonia's Economy_of_Estonia#Restoration_o ...

, former PM, Estonia,

Ruth Richardson Ruth Margaret Richardson (born 13 December 1950) is a retired New Zealand politician of the National Party who served as Minister of Finance from 1990 to 1993. Her 1991 budget, which she dubbed the "Mother of all Budgets", formed the catalyst ...

, former Finance Minister, New Zealand, Laiosz Bokros, former Finance Minister, Hungary,as well as many famous thinkers from the Economic Freedom network: James Gwartney,

Steve Hanke Steve H. Hanke (; born December 29, 1942) is an American economist and professor of applied economics at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow at the Independent Institute in Oakland, California, and ...

, Richard Ebeling, Tom Palmer,

Andrei Illarionov Andrey Nikolayevich Illarionov (, born 16 September 1961) is a Russian economist and former senior policy advisor to Vladimir Putin, the President of Russia, from April 2000 to December 2005. Since April 2021, he is a senior fellow at the non-go ...

, Krassen Stanchev, Pierre Garello, Johan Norberg.) NESG is actively involved in educational activities - economics and business for high schools. NESG translated Lithuanian Economics textbook and created its own Business textbook - both published at the special web site (http://www.schooleconomics.org). In the recent years NESG trained more than 800 high school teachers of economics and business.

Web-sites

NESG uses its web-site for educational purposes. All articles,

e-books An ebook (short for electronic book), also spelled as e-book or eBook, is a book publication made available in electronic form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices. A ...

video Video is an Electronics, electronic medium for the recording, copying, playback, broadcasting, and display of moving picture, moving image, visual Media (communication), media. Video was first developed for mechanical television systems, whi ...

and

audio Audio most commonly refers to sound, as it is transmitted in signal form. It may also refer to: Sound *Audio signal, an electrical representation of sound *Audio frequency, a frequency in the audio spectrum *Digital audio, representation of sound ...

materials put on the web-site (http://www.nes-g.org) are free to use and download and are a great help for the young people who can't pay high fees to study abroad or buy expensive

textbooks A textbook is a book containing a comprehensive compilation of content in a branch of study with the intention of explaining it. Textbooks are produced to meet the needs of educators, usually at educational institutions, but also of learners ( ...

. The web-site includes a special internal page: Home Education. The second web-site for high school economics and business education is at (http://www.schooleconomics.org). Most of the materials on the web-sites are in

English English usually refers to: * English language * English people English may also refer to: Culture, language and peoples * ''English'', an adjective for something of, from, or related to England * ''English'', an Amish ter ...

and

Georgian language Georgian (, ) is the most widely spoken Kartvelian language, Kartvelian language family. It is the official language of Georgia (country), Georgia and the native or primary language of 88% of its population. It also serves as the literary langu ...

s. There are also some e-books in

Russian Russian(s) may refer to: *Russians (), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *A citizen of Russia *Russian language, the most widely spoken of the Slavic languages *''The Russians'', a b ...

Turkish Turkish may refer to: * Something related to Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities in the former Ottoman Empire * The w ...

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

and

French French may refer to: * Something of, from, or related to France ** French language, which originated in France ** French people, a nation and ethnic group ** French cuisine, cooking traditions and practices Arts and media * The French (band), ...

Freedom Library

NESG holds the largest free market library in the region that is open to local and foreign scholars. The books are mostly publications of the Liberty Fund and Mises Institute. The collection consists of about a thousand books and media.

Publications

Publications of the NESG in Georgian: Library of Liberty volumes: # Basics of Liberalism, 2005 # Liberalism and Power, 2006 # Property and Liberty, 2007 # Intellectuals, Education and Liberty, 2008 # Liberal Reforms, 2009 # Liberal Thinkers, 2010 # Money of Liberty, 2011 Other publications: * Adventures of Johnathan Gullible, Ken Schooland 2007, 2023 * Law and Which is Seen and Which is not seen, Frederic Bastiat, 2008 * Georgian Lectures, Tibor Machan, 2007 * Journalist's Guide to Economics, 2008 * Bureaucracy, Ludwig von Mises, 2013 * Freedom and the Law, Bruno Leoni, 2014 * Collection of Works, Frederick Bastiat, 2021 * Collection of Works, Ludwig von Mises, 2022 * Collection of Works, Friedrich von Hayek, 2022 * Power of Capitalism, Rainer Zitelmann, 2023 * Economics in One Lesson, Henry Hazlitt, 2024

Think-Tank Networks

NESG is a member of several free market networks such as: * Economic Freedom Network of the

Fraser Institute The Fraser Institute is a Canadian Conservatism in Canada, conservative public policy think tank registered as a Charitable organization, charity. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal. It has ...

of Canada (from 2004) * World taxpayers Association
World Taxpayers Associations
(2009) * Free Market Road Sho
Free Market Road Show
(2006) * Atlas Network

Atlas Network Atlas Network, formerly known as Atlas Economic Research Foundation, is a non-governmental, non-partisan 501(c)(3) organization based in the United States that provides training, networking, and grants for libertarian, free-market, and Conserva ...

(2004) * European Resource Ban
Real-Estate Broker Europe
(2005) * Coalition for European Georgia (2011) * Tea Party World Movement (2012) * 4Liberty.eu (2020)

NESG Partners

NESG has many local and foreign partners, including Friedrich Naumann Foundation (http://www.fnf.org/) Atlas Network (https://www.atlasnetwork.org/) University of Georgia (https://ug.edu.ge/) Free University of Tbilisi (https://freeuni.edu.ge/ge/) Free the People (https://freethepeople.org/) Tens of other valuable partners globally are included in the networks counted above.

References

{{DEFAULTSORT:New Economic School - Georgia Political and economic think tanks based in Europe Libertarian think tanks Think tanks based in Georgia (country) Politics of Georgia (country) Libertarianism in Europe