Higher Rock Education - Economics Blog

A Nigerian Student's Challenges

Wednesday, October 26, 2016

Imagine waking up to find companies and industries downsizing their workforce, prices of basic commodities rising by the minute, the cost of healthcare far from affordable, the crime rate and insecurity a major concern, while the cost of living continues to skyrocket. More

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

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