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

One of the easiest ways to become an entrepreneur is to rent out space in your home, or use your car as a taxi. Airbnb. Airbnb makes it possible for just about anyone to convert their spare space into a bed and breakfast, and start welcoming travelers to their humble abode – something that can really make a difference for city dwellers struggling with the rising cost of living. But hotels have lost business, which has reduced tax revenues for many communities. More

Four Historical Recalls

Wednesday, October 19, 2016

Do you own a Samsung Galaxy Note 7, or perhaps a Honda with a Takata airbag? Here are four historic recalls. 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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