Otteson to lead BB&T center at WFU [Winston-Salem Journal, N.C.]
(Winston-Salem Journal (NC) Via Acquire Media NewsEdge) Sept. 13--James Otteson has been named as executive director of the BB&T Center for the Study of Capitalism at Wake Forest University. The center is contained in the university's Schools of Business.
Otteson is a scholar who specializes in political economy, political philosophy and the history of modern philosophy. He most recently served as a joint professor of philosophy and economics at Yeshiva University for the past six years.
The center opened in 2007 under the leadership of Page West, who will remain involved with the center and continue to teach strategy and entrepreneurship at the school.
Otteson also will serve as a teaching professor -- a new faculty designation approved in June by the university's board of trustees.
The grants for the study of capitalism originated with John Allison, the retired chairman and chief executive of BB&T Corp.
Both Allison and BB&T's value system draw inspiration from a conservative philosophical theory called objectivism, which extols rational individualism, creativity, independent thinking and a limited role for government as a protector of the peace.
Objectivism is most often associated with author Ayn Rand, who wrote the novels Atlas Shrugged and The Fountainhead and the nonfiction book The Virtue of Selfishness.
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