Prose on the Rocks | Aleksandr V. Gevorkyan | Substack

Prose on the Rocks

Hiking in the mountainous ranges of macroeconomic development, diaspora, foreign exchange, sovereign debt, and small open post-socialist economies... with some commentary, in no particular order.

By Aleksandr V. Gevorkyan

· Launched 2 years ago

Uncertainty of the least regret option in macroeconomic policy

Uncertainty then is omnipresent and the “regret the least” economic action may indeed be the best option consistent with the economic policy priorities…

Jun 4•Aleksandr V. Gevorkyan


Other Articles

Nationalism, Greed and Property: why it is essential to read Branko Milanovic today

May 19•Aleksandr V. Gevorkyan

Soviet history's unknown: Anastas Mikoyan

Oct 28, 2025•Aleksandr V. Gevorkyan

What does it mean to be an economist? And why economics still matters...

Sep 27, 2025•Aleksandr V. Gevorkyan

De-industrialization, primate city, and income inequality after socialism…

Feb 23•Aleksandr V. Gevorkyan

Latest Discussions

A small country with a big nation strategy and an even greater diaspora promise: Ireland

The participatory approach in devising Ireland’s Diaspora Strategy is a sign of Ireland’s institutional maturity as well as its diaspora’s strong… May 3•Aleksandr V. Gevorkyan

To gold or not to gold: a central bank dilemma…

Why would central banks hold gold? Targeting exchange rate is back in fashion. Apr 8•Aleksandr V. Gevorkyan

The printing press, identity, and the formation of diaspora in early modernity

Here is an unusual story of the impact of print culture in early modernity on the formation of unique diasporic identities embodying notions of… Feb 3•Aleksandr V. Gevorkyan

For universities adopting AI means ascending back to their core purpose

True value comes from universities looking into their origins prioritizing student-teacher-scholar connections…
Jan 15•Aleksandr V. Gevorkyan

Have the small transition economies "transitioned"? Why history [still] matters. Part II.

With transient economic successes, it is important to talk "industrial policy" or strategic macroeconomic development now in the very small open… Dec 29, 2025•Aleksandr V. Gevorkyan

The "science" behind international reserve currencies... is history

Amidst recent speculations on the US dollar's status as world's reserve, it is the history of currency rises and falls that offers a reasonable… Nov 14, 2025•Aleksandr V. Gevorkyan

Soviet history's unknown: Anastas Mikoyan

New archival evidence aside, this book completely changes the established view about Anastas Mikoyan and his role in the social and economic development… Oct 28, 2025•Aleksandr V. Gevorkyan