The BB&T Ethics and Capitalism Course


A Short History of the Program

In 2008, BB&T awarded West Liberty University a grant.  These funds were for the purpose of teaching a course on Ethics and Capitalism. The grant stipulates that a fair hearing should be had between, say, Smith and Marx, Markets and Planned Economy, etc. 

Students in this course read Ayn Rand's Atlas Shrugged, but also many other pieces: from Friedman to Marx & Engels, Nietzsche to some Papal Encyclicals.  Students are left free to choose which argument has the greatest merit, weight, and is most persuasive.

The BB&T Charitable Foundation has created over fifty programs at colleges and universities around the country to study the moral foundations of capitalism. Although each of these programs differs in its composition and mission, all are united by a commitment to teaching and research on the moral foundations of capitalism.

Colleges and Universities teaching a similar course (this list is by no means extensive):

  1. Marshall University

  2. North Carolina State

  3. Wake Forest University

  4. WVU

  5. Florida State

  6. Clemson

Other Links

Archive-Speakers 08/09


Many people do not know John Allison (pictured right).  He was the CEO for BB&T, and recently retired.  Recently, National Review online spoke of Allison here and here

BB&T's pres release on Allison's retirement. 

On September 23, 2008, Allison wrote an open letter (PDF) to the members of Congress on the bailout plan.  In it he claimed that Congress members  should ask for advice from healthy financial institutions--of which BB&T was one.

John A. Allison, IV served as the Chief Executive Officer of BB&T Corp., the holding company of BB&T Insurance Services Inc. from July 1989 to December 2008. Mr. Allison served as the Chief Executive Officer of Branch Banking and Trust Company, Wilson, N.C, a subsidiary of BB&T Corp. until December 2008. He began his service with BB&T in 1971 and served as its President since 1987. He served as the Chief Executive Officer of BB &T Financial Corporation. Mr. Allison has been the Chairman of BB&T Corp., since July 1989. He served as the Chairman of Branch Banking and Trust Company, Wilson, N.C., until December 2008. He served as the Chairman of BB&T Financial Corporation. He serves as a Director of The Financial Clearing House, Independent College Fund and the Global TransPark Foundation. Mr. Allison has been Director of BB&T Corp., since 1986. He served as a Director of Branch Banking and Trust Company, Wilson, N.C. Mr. Allison served as a Director of BB&T Financial Corporation since 1986. He serves as a Member of American Bankers Association and The Financial Services Roundtable. He serves as Member of the Board of Visitors at Wake Forest University Baptist Medical Center, Fuqua School of Business at Duke University and Kenan-Flagler Business School at UNC-Chapel Hill. Mr. Allison holds a BS in Business Administration from University of North Carolina at Chapel Hill in 1971, an MBA from Duke University, Durham, NC in 1974, graduated at Stonier Graduate School of Banking at Rutgers University, Newark, NJ in 1981, Honorary Doctor of Letters, East Carolina University, Greenville, NC in 1995, Mount Olive College, Mount Olive, NC in 2002 and Clemson University, Clemson, SC in 2005.


A Brief Bio of the Man behind the BB&T Program

Newt Gingrich Visits Wheeling/University Economics Club (Fall 2009)

With the generous assistance of BB&T, The Public Policy Foundation, and the Economics Club, Newt Gingrich was invited to speak to the Ohio Valley community. 

Below you will find the video of the event thanks in part to the local newspaper, the Intelligencer

Bill Beach Visit to Wheeling

University Economics Club/Spring 2010

8 February 2010

Fort Henry Club

Pics from the event:

Mike Munger Visit to Wheeling

University Economics Club/Spring 2010

1 March 2010

Fort Henry Club

Pics from the event:

New Website in Operation:

This website is no longer in use.  The new website, which still has parts under construction, is located here.  Or if you prefer:

The new website is a huge improvement over this one.  Please visit it to stay informed of our events, and speaking engagements.

Important Announcement:

This website is undergoing significant changes, and will be moving to another site, with a far more pleasing web page design.  Please stay tuned for another important message directing you to that site.

This site shall remain, but the material here, the videos, will be relocated to the new site as well.

In the meantime, please enjoy this 2008 presentation by John Allison.

John Allison

The Financial Crisis:  Causes and Possible Cures

Winston-Salem, NC

17 October 2008