19 August 2013
Dear Friends, Students, and Colleagues:
I have accepted a new position and will be leaving Yeshiva University. As of September 1, 2013, I will be the executive director of the BB&T Center for the Study of Capitalism at Wake Forest University.
This is a tremendous opportunity for me. The Center is beginning its sixth year of existence, having been funded by continuing support from the BB&T Foundation. The Center's mission is to encourage the study of capitalism in all its facets, and, more generally, to explore the institutions that enable human flourishing. We want to know how a society of free and responsible persons can live together peacefully, and we want to examine the political, economic, moral, and cultural institutions that encourage prosperity and humanity.
Wake Forest's motto is "Pro Humanitate," which is usually translated as "for humanity." But the Latin word humanitas is much broader, and deeper, than what the English word "humanity" usually means today. It indicates not only human beings, but humane life. It denotes a distinctly human virtue whereby people treat each other with the respect, dignity, and compassion that humanity requires. In this way, "Pro Humanitate" means something like: "in the service of promoting a fully humane life for all." That captures perfectly the mission of the Center for the Study of Capitalism.
I emphasize that the Center's name is "Center for the Study of Capitalism," not the "Center for Capitalism." That is a small but momentous distinction. We are interested in figuring out what these prosperity-enabling institutions are, and promoting them, whatever they are. Our investigations will thus be nonideological and nonpartisan. Capitalism has been a source of tremendous, even unprecedented, prosperity; like all human institutions, however, it is not perfect. We will want to examine it disinterestedly, understanding and exposing both the good and the bad, and then promoting the former and discouraging the latter. In other words, the Center's work will be not only rigorous but serious. There is too much at stake to take any other stance.
For those of you who know me or my work, you will recognize that these are my own central scholarly and intellectual concerns. So this position is a great fit.
We also hope to create a true intellectual community comprised of people from various disciplines and perspectives who are united in their commitment to the spirit of the Center's enterprise. If you are a person who shares our sense of purpose, and might like to associate with us somehow, donate to us, or just keep abreast of our activities, please reach out to me and let me know.
As excited as I am to begin this new chapter of my career, I must also admit to some sadness to be leaving Yeshiva University. Before all else, I will miss my students. As I have had occasion to say to many people in many forums, the students at Yeshiva are outstanding--unlike any others I have encountered elsewhere. Their seriousness of purpose, their intelligence and diligence, and their genuine interest in ideas, all combined with a typically light, even humorous disposition, have made them a delight to work with. Every day I have learned something new from them, and every class I taught they kept me on my toes.
To my students: It has been my honor and my privilege to work with you, and to make whatever meager contribution I could to your development. You have demanded the very best from me, and I have willingly given it; but you have given me your best in return, which has made everything more than worthwhile. A professor could ask for no more from his students. I thank you for what you have given me.
James R. Otteson