James R. Otteson is the executive director of the BB&T Center for the Study of Capitalism, and teaching professor of political economy at Wake Forest University. He received his B.A. from Notre Dame and his Ph.D. from the University of Chicago. His published works include Adam Smith's Marketplace of Life (Cambridge, 2002) and Actual Ethics (Cambridge, 2006), the latter of which won the 2007 Templeton Enterprise Award. His most recent book is Adam Smith (Bloomsbury, 2013). His next book, The End of Socialism, will be published by Cambridge University Press in 2014.