Olympic Games: price of victory

Rector of Moscow's New Economic School, Sergey Guriev

1971 - Born in Vladikavkaz
1993 - Receives M.Sc. in technology, Moscow Institute of Physics
1994 - Receives PhD. in applied maths, Russian Academy of Sciences
1999 - Research affiliate, Centre for Economic Policy Research, London
2002 - Receives PhD. in economics, Russian Academy of Sciences
2003 - Visiting assistant professor, Department of economics, Princeton University
2003 - Columnist, leading Russian business daily 'Vedomosti'
2004 - Associate professor of corporate finance, Human Capital Foundation, Moscow
2004 - Rector, New Economic School, Moscow
2005 - CEO, Centre for Economic and Financial Research, New Economic School
2006 - Named as a 'Young Global Leader' by World Economic Forum

The Olympic Games in Beijing start on August the 8th. Populations all over the world will be supporting their athletes, hoping they come home with medals. But economists say the results are predictable – that a country’s position in the medals table corresponds with its Gross Domestic product. So, is it all about money, or is their an elusive Olympic spirit? The guest to tell us more is the Rector of the New economic School in Moscow, Sergey Guriev.