Professor Rotunda Writes Article on Capitalism vs. Socialism
August 12, 2011
In the Reuters blog The Great Debate, Professor Rotunda joined Chapman economics professors Vernon Smith and Bart Wilson, to explore whether capitalism or socialism is better in the long run. “Capitalism is about voluntary exchange for mutual benefit – risking loss as well as gain,” the article noted. The article, “Are Capitalists Happier?” described a virtual economy experiment that suggests capitalism fosters a happier lifestyle. Read about the experiment and Professor Rotunda’s comments.