Higher Rock Education - Economics Blog

Our Infrastructure Challenge - Part 2

Thursday, November 03, 2016

Newsflash – An explosion on the Colonial Pipeline killed one and injured several others on Monday. This is the second disruption of the Colonial Pipeline in two months. Again, gasoline prices will jump and shortages may occur. Gas lines had begun to form on my way to work this morning. More

Defining Our Infrastructure Challenge

Monday, October 31, 2016

What do Hilary Clinton, Donald Trump, Bernie Sanders, and the US Chamber of Commerce have in common? They all believe the US infrastructure is desperately in need of repair. Here is what they say: More

Contracts and Incentives - Drs. Hart and Holmstrom Awarded the Nobel Memorial Prize in Economic Science

Wednesday, October 12, 2016

I am amazed when I read about CEOs who are paid 10s of millions or even over $100 million dollars. Are they really worth that much? I consider myself a free market economist, so I would never deny them the right to earn that much if someone is willing to pay them, but I confess I wonder how their salaries can be justified. More

Questions to Consider as the 2016 Presidential Election Fast Approaches

Friday, October 07, 2016

The United States is deep into the 2016 political season. We are bombarded with promises about tax cuts and spending increases. Who should we believe? Which proposals are the best for the economy? The solution is very complex, and there are very bright economists that differ on the best solution. Some argue that increasing government spending advances economic growth by redistributing income to people who are more likely to spend it. More

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