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David F. Ruccio — Capitalism and punishment

Summary:
The danger in looking only at economic statistics and not social and political ones as well to assess the results of economic institutions and policy. Interestingly, this is usually done from the capitalist frame with respect to non-capitalistic systems in order to criticize them. But the same standard is not applied in reverse.Occasional Links & CommentaryCapitalism and punishmentDavid F. Ruccio | Professor of Economics, University of Notre Dame

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The danger in looking only at economic statistics and not social and political ones as well to assess the results of economic institutions and policy. Interestingly, this is usually done from the capitalist frame with respect to non-capitalistic systems in order to criticize them. But the same standard is not applied in reverse.

Occasional Links & Commentary
Capitalism and punishment
David F. Ruccio | Professor of Economics, University of Notre Dame

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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