News & Events

The 21st Annual International Conference on Economics and Security

June 22-23, 2017
Brussels, Belgium

The 21st Annual International Conference on Economics and Security will be held at the Royal Military Academy, Brussels, June 22nd - 23rd 2017.

Registration is now open.

The conference aims to provide an opportunity for economists, political scientists and others from around the world to share ideas and discuss the future developments in the following areas:

  • Regional security
  • Economics of security
  • Corruption and military spending
  • Globalisation and the restructuring of the MIC
  • Militarism and development
  • Security sector reform
  • Economics of conflict and war
  • Post-conflict reconstruction
  • Economics of the arms trade
  • Procurement and offsets
  • Arms races and alliances
  • Peace economics and peace science
  • Conversion and demilitarisation
  • Economics of terrorism

Registration is now open.

EPS Welcomes
Stephanie Kelton
as our new Chair

Stephanie Kelton, Ph.D. is Professor of Economics at the University of Missouri-Kansas City. She served as Chief Economist on the US Senate Budget Committee (minority staff) in 2015 and then became an Economic Advisor to the Bernie 2016 presidential campaign. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. In 2016, POLITICO recognized her as one of the 50 people across the country who is most influencing the political debate.

Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the US would not experience a European-style debt crisis.

She is a regular commentator on national radio and broadcast television.

Stephanie consults with policymakers, investment banks and portfolio managers across the globe. Her research expertise is in: Federal Reserve operations, fiscal policy, social security, international finance and employment policy.

Follow her on Twitter at twitter.com/stephaniekelton.

 

Economists for Peace and Security works to promote non-military solutions to world challenges, and more broadly to work towards freedom from fear and want for all.

Kenneth Arrow
1921-2017

Dr. Arrow, who spent the majority of his career at Stanford University as an economics professor, was the youngest recipient of the Nobel Prize for Economic Sciences. He was 51 when he shared the Nobel with British economist Sir John Hicks in 1972 for their contributions to welfare economics and general equilibrium theory, a branch of economics that studies the behavior of supply and demand for multiple firms in a competitive market.

Dr. Arrow came from a prodigious family of economists that includes his nephew Lawrence H. Summers , president emeritus of Harvard University, former Treasury secretary and former director of the White House National Economic Council, and his late brother-in-law Paul A. Samuelson , the first American to win the Nobel Prize in economics, in 1970. His sister Anita and her late husband, Robert Summers, taught economics at the University of Pennsylvania.

Throughout his career in academia, Dr. Arrow was a mentor to scores of graduate students, several of whom became Nobel laureates: John C. Harsanyi , Eric S. Maskin, Roger B. Myerson, A. Michael Spence and Joseph E. Stiglitz.

The evolution of economics in the post-World War II decades was “very inspired by Arrow’s results, his systematic thoughts, the understanding he generated, the questions he raised and the inspiration [his work] provided to young people,” the economist and Nobel laureate Amartya Sen said in an interview with The Washington Post.

He was widely respected for the breadth and depth of his research— including its impact on disciplines as diverse as political science, philosophy and statistics.

“He is certainly one of the giants of 20th-century economic theory,” said Nobel laureate Robert Aumann, a mathematician. “More so, I think, in the second half of the 20th century he absolutely had more of an impact than anyone else.”

Dr. Arrow helped transform economic theory into a mathematical science. He used his statistical and mathematics background to develop theorems that better explained holes in economic theory that had not been well-defined or, in some circumstances, discovered.

“I think my biggest hopes were methodological — to apply new developments in mathematics to economics,” he told Challenge: The Magazine of Economic Affairs, in 2000.

Read the full Washington Post Obituary here.