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Dr. William C. Wood
Contact Info

Professor of Economics & Director, Center for Economic EducationJMU Faculty William Wood

Year Start Working at JMU: 1989

Education:  Ph.D. 

Professional Interests: Industrial organization, public choice, behavioral finance, economic education 

Personal Interests: Webmaster, and ; leadership team, Beaver Creek Church of the Brethren

Current Courses Taught: Senior Capstone Seminar in Economics, Introduction to Macroeconomics

Key Publications:


Wood, W. C., Schug, M. C. (2011). Economic Episodes in American History. Morristown, NJ: Wohl Publishing.

Wood, W. C. (2002). Getting a Grip on Your Money. Downers Grove, IL: InterVarsity Press.

Wood, W. C. (1982). Insuring Nuclear Power: Liability, Safety, and Economic Efficiency. Greenwich, CT: JAI Press.


Wood, W. C., O'Roark, J. B., DeLaCruz, L. M. (2013). A Threat-Response Model of Counter-Terrorism: Implications for Information Security. International Journal of Risk and Contingency Management, 2(4), 39-49.

O'Roark, J. B., Wood, W. C. (2011). Determinants of Congressional Minimum Wage Support:  The Role of Background and Education. Public Choice, 147(1-2), 209-225.

Wood, W. C. (2008). Subprime Lending and Social Justice: A Biblical Perspective. Journal of Markets and Morality, 11(2), 189-204.

Wood, W. C., O'Roark, J. B. (2004). Safety at the Racetrack:  Results of Restrictor Plates in Superspeedway Competition. Southern Economic Journal, 71(1), 118-130.

Positions Held:

1989-present, Professor of Economics and Director, Center for Economic Education, James Madison University


The Princeton Review's Best 300 Professors, 2012

Distinguished Service Award, James Madison University College of Business, 2010-2011.

Distinguished Leadership Award for support of literacy in the central Shenandoah Valley, Skyline Literacy Coalition, 2007.

Best Paper Award, Journal of Private Enterprise. (2001).

Madison Scholar, James Madison University. (1997).

National Winner, Essay Competition in Entrepreneurship and Public Policy, Association of Private Enterprise Education and National Federation of Independent Business. (1994).

Clifford D. Spangler Award, Alpha Kappa Psi and the American Risk and Insurance Association. (1991).




  • March 2013

    Dr. William C. Wood (J.W. and Alice S. Marriott Faculty Fellow; Director, Center for Economic Education; Professor, Economics) received $60,499 from Shenandoah Valley Economic Education Inc. for "Economic Education Consultant Program" to continue a teacher outreach program in economic education.

  • July 2014

    Dr. William C. Wood (J.W. and Alice S. Marriott Faculty Fellow; Professor, Economics; Director, Center for Economic Education) received $64,818 from Shenandoah Valley Economic Education Inc. for an economic education consultant program to improve economic literacy in Harrisonburg and Rockingham County.