Higher Rock Education - Economics Blog

Airbnb: Good, Bad and Who Benefits and Who Loses?

Friday, October 21, 2016

Carla is a British free lance writer. She will be contributing articles for us in the future about the British economy and how it affects her life. She raises some great questions about companies like Airbnb that thrive in the andquot;shareandquot; economy. They improve economic efficiency, but at the expense of tax revenues, and possibly safety. Read about her views on Airbnb.... More

Four Historical Recalls

Wednesday, October 19, 2016

Do you own a Samsung Galaxy Note 7, or perhaps a Honda with a Takata airbag? Do you own a car? If so, then you have probably received a recall notice. There have been several very large recalls in the past two years, so I decided to highlight a few of the most interesting ones during my life. 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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