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NewsNotes - August 2008

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[O]ur dangerous over-reliance on carbon-based fuels is at the core of all three of these challenges - the economic, environmental and national security crises.

Al Gore - July 17, 2008

In Other News Links
In Other News In Other News
In Other News Funding and Employment Opportunities
In Other News Food for Thought
Publications EPS Publications
Action Corner Action Corner
How Can I Help Upcoming Events
Upcoming Events How Can I Help?
EPS News

You are cordially invited to a benefit for EPS

Friday, November 14
An evening with Joseph Stiglitz
at the Manhattan home of Alan Harper

Suggested donation for this event, including wine and hors d’oeuvres, is $250. Please email Thea Harvey (theaharvey@epsusa.org) if you would like to attend.


EPS will host two sessions at the Allied Social Sciences Associations (ASSA) meetings January 3 – 5, 2009, in San Francisco:

Session One, Saturday, January 3 at 10:15am in the Hilton Union Square Rooms 15 and 16
Inequality: Economic, Fiscal and Financial, and Societal Dimensions

    Presiding: Allen Sinai, Chief Global Economist, Decision Economics, Inc.

    Papers and Presenters:

  • James K. Galbraith, Professor of Economics, Lyndon B. Johnson School of Public Policy, University of Texas - Austin
    Title:  Inequality, Unemployment, and Growth
  • Robert J. Gordon, Professor of Economics, Northwestern University and NBER
    Title:  Rising Inequality at the Bottom and Top
  • Benjamin M. Friedman, William Joseph Maier Professor of Political Economy, Harvard University
    Title:  Widening Inequality: Implications for the Economy and Society
  • David A. Smith, Chief Economist, House Financial Services Committee, House of Representatives, U.S. Congress
    Title:  Inequality and the Making of Monetary Policy

Discussants:  Inequality, Fiscal and Financial Aspects, Policy Possibilities

  • Allen Sinai, Decision Economics, Inc.
  • Jeffrey Madrick, Challenge Magazine


Session Two, Sunday, January 4 at 2:30pm in the Hilton Union Square Rooms 15 and 16
a roundtable on Global Security and the Global Financial System: The Challenges Ahead

Presiding: Michael Intriligator, University of California at Los Angeles and Economists for Peace and Security


  • Kenneth Arrow, Stanford University
  • William Sharpe, Stanford University
  • Michael Lind, New America Foundation
  • Linda Bilmes, Harvard University

Our annual dinner (Sunday, January 4, 6:30 - 10:00pm) will celebrate our twentieth anniversary by honoring our founding co-chairs, Lawrence Klein and Kenneth Arrow. For an invitation, please email Thea Harvey at theaharvey@epsusa.org.

Please note: at the last ASSA meetings in New Orleans, conference rate hotel rooms sold out very early. The conference organizers have therefore asked that we forward this message: favorable ASSA hotel rates are negotiated ONLY for those who register for the ASSA meetings. Starting this year, you first must register for the meetings to qualify for the negotiated hotel rates. Once registered, you will receive an identification number that is required to gain access to hotel reservations. If you register online, you will get an email confirmation within minutes; it will contain the registration ID number. If you register by fax, you will get an email confirmation within 3 days. If you register by mail, you will get an email confirmation within 2 weeks. If you do not receive a confirmation within these time frames, contact ASSA staff at assa@vanderbilt.edu. If you do not have access to email, call 615-322-3509.

Registration and housing will open in September. Keep an eye on the AEA website for more information: http://www.vanderbilt.edu/AEA/Annual_Meeting/index.htm

PLEASE ALSO NOTE: the 2009 ASSA Meetings are to be held Saturday through Monday.


The Isaac Roet Prize is an international essay contest about the promotion of world peace through economic interaction. Students from all economic faculties at universities around the globe are invited to participate and to write an essay on the theme of the essay competition’s 2008 edition theme, Resource access and world peace: policies to promote global stability in view of growing scarcity of non-renewable natural resources.

A prize of €5,000 will be awarded for the best essay on this subject. Deadline for submissions is December 31, 2008. The maximum length of the essay is 10,000 words. Submitted essays must be unpublished. Only essays written in the English language may be submitted to the competition. The participant must not have passed his/her Master’s degree (or the equivalent thereof) before January 1, 2008.

Details on the competition can be found on www.roetprize.org or www.peaceprize.org


Call for Papers: The 13th Annual International Conference on Economics and Security will take place June 24 – 26, 2009 at CITY College in Thessaloniki, Greece.

Offers of papers are invited for a conference sponsored by EPS-UK; EPS-Greece; the Business Administration and Economics Department, CITY College, an affiliated institution of the University of Sheffield; the University of the West of England; and SEERC (South East European Research Centre). The conference will have plenary sessions with keynote speakers, plus specialist workshop streams.

Proposed topics include:

• Security in the Balkan Region
• European Security
• Economics of Security
• Globalization and the restructuring of the MIC
• Militarism and development
• Security sector reform
• Economics of conflict and war
• Economics of post-conflict reconstruction
• Economics of arms procurement, trade and offsets
• Arms races and alliances
• Peace science
• Conversion and Demilitarization
• Economics of Terrorism

Offers of papers on other related topics are welcome. Please send a title and abstract as soon as possible and before March 15, 2009 to:

Dr. Eftychia Nikolaidou, Business Administration & Economics Department,
CITY College, Affiliated College of the University of Sheffield,
17 Mitropoleos st, 546 24, Thessaloniki, Greece.
Tel. (+30) 2310 253477, (+30) 2310 224026
Fax. (+30) 2310 253478
email: enikolaidou@city.academic.gr

A conference website will be shortly set up for further details regarding the conference.


Copies of Lessons from Iraq: Avoiding the Next War, Bill Hartung’s and Miriam Pemberton’s new work, are available for review to those who wish to use the book as a teaching tool.

Institute for Policy Studies Research Fellow Miriam Pemberton and EPS Fellow William D. Hartung have asked the experts to boil the lessons of the war down for the rest of us. These experts include The Three Trillion Dollar War co-authors Joseph Stiglitz and Linda Bilmes, pre-war UN weapons inspector Hans Blix, and National Book Award winner Frances Fitzgerald.

More information on the book can be found at http://www.paradigmpublishers.com/books/BookDetail.aspx?productID=180338

Those who wish to receive a review copy may email Miriam Pemberton at miriam@ips-dc.org


Vol. 3, No. 2 - “Symposium: Palestine - an economy in conflict” of the Economics of Peace and Security Journal is now available online. Non-subscribers can access the abstracts and contents pages.

EPS members receive a 25% discount on the annual subscription to the Economics of Peace and Security Journal. Regular one-year subscriptions are $40 per year; for EPS members the one-year subscription is $30.

The Journal is a peer-reviewed online publication hosted by EPS-UK. Published twice yearly, it raises and debates all issues related to the political economy of personal, communal, national, international, and global peace and security. Past contributors have included Joseph Stiglitz, James Galbraith, and Lawrence Klein. The Journal’s website also includes book reviews submitted by members and subscribers.

For more information or to subscribe to the Journal, please visit: http://www.epsjournal.org.uk/

To become a member of EPS (and to qualify for the subscription discount) please visit: http://www.epsusa.org/membership/membership.htm

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The British American Security Information Council (BASIC), as part of its campaign “Getting to Zero,” has released a series of white papers. The papers include:

The Getting to Zero project envisions a world free of nuclear weapons, and works for new realistic measures to move in that direction.

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In Other News

The UN Office for Disarmament Affairs has released the 2008 Edition of the Small Arms and Light Weapons: Selected United Nations Documents. This edition includes:

  • A convenient collection of key international instruments relating to the issue of small arms and light weapons at the United Nations, as well as the most recent documentation from the Security Council and the General Assembly relevant to the subject.
  • The 2007 report by the United Nations Expert Group on illicit brokering in small arms and the 2008 Secretary-General’s report on small arms to the Security Council.
  • A handy reference tool for diplomats and other Government officials, regional and subregional bodies, the United Nations system, specialized non-governmental organizations, research institutes, educators and students, and the general public.

The book is available in pdf at http://disarmament.un.org/ddapublications/SALW/

Hard copies can be ordered from UN Publications at https://unp.un.org/


When the War Comes Home. In a recent article in the Christian Science Monitor, Jill Carroll discusses the costs to local communities when veterans of wars in Iraq and Afghanistan bring their troubles home and police and judges often are the first to deal with them.

Some 40,000 cases of post traumatic stress disorder (PTSD) have been diagnosed by the military among troops deployed to Iraq and Afghanistan from 2003 to 2007. The Rand Corporation estimates 300,000 troops are suffering from PTSD from those wars. Many mental-health experts expect those trends to continue, or even worsen, as the wars go on.

Jeff Johnson, former Marine recruiter now working with the Wisconsin Department of Veterans Affairs, has created a presentation about the mental injuries of war for police and other first responders, usually the ones called when a veteran hits bottom. A year later, he’s delivered his message more times than he can count and he’s been in demand from police departments across the country, hungry to prepare for what they worry is a coming surge of mentally injured veterans.

In Norfolk County, Massachusetts District Attorney William Keating held a 2005 summit with police departments, veterans groups, and clergy to discuss support for returning veterans. The result was a video for first responders, describing traumatic stress and how it might affect veterans in their communities. In the three years since, it has racked up some 8,500 hits on YouTube, and Mr. Keating’s office has had requests for copies from across the country.

Read more at http://www.csmonitor.com/2008/0712/p02s01-usmi.html


Gordon Adams, professor of international relations at American University’s School of International Service and distinguished fellow at the Henry L. Stimson Center, discussed Establishing the Next President’s National Security Agenda: How to Confront the Defense Budget Morass in a recent Bulletin of the Atomic Scientists article.

“When we think about controlling the budget, we think about things like Medicare, Social Security, and urgent domestic needs such as education and alternate minimum taxes. But the most urgent fiscal and planning challenge the next president will face is the defense budget. The bottom line: either presumptive Democratic presidential nominee Barack Obama or presumptive Republican nominee John McCain must gain control of defense strategy, planning, and spending the moment the inauguration ends on January 20, or it will be almost impossible to deal with new options for any other spending program.”



Muhaammad Sahimi writing in the Huffington Post says, “Wish to be Poor and Unemployed? Support Military Attacks on Iran...[T]he implications of a war with Iran for the national security of the US would be much worse than those of the Iraq war, [and] little has been said about the implications for our economic security here at home.” The article goes on to analyze some of the major differences between Iraq and Iran, and to explain why in his view a war with Iran would have much more dire economic consequences.


Bullet Call for Papers: Elsevier is seeking manuscripts for its Building Insights; Breaking Boundaries initiative.

The Editors-in-chief of Elsevier Journals are currently accepting manuscripts in all fields of human endeavor. Authors are invited to submit manuscripts reporting recent developments in their fields. Papers submitted will be sorted out and published in any of the numerous journals that best fit.

Elsevier will also organize seminars at strategic cities all over the world to showcase the research work gathered by this special publication procedure.

The submitted papers must be written in English and describe original research not published nor currently under review by other journals. All submitted papers, if relevant to the theme and objectives of the journal, will go through an external peer-review process. Submissions should include an abstract, 5–10 key words, the e-mail address of the corresponding author. The paper length should not exceed 30 double-spaced pages including figures and references on 8.5 by 11 inch paper using at least 11 point font. Authors should select a category designation for their manuscripts (article, short communication, review, etc.).

Papers should be submitted electronically via email in Microsoft Word or PDF attachments; and should include a cover sheet containing corresponding author’s name, paper title, affiliation, mailing address, phone, fax number, email address etc.

Would-be authors should send their manuscript to: elsevierpublishers@live.co.uk

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Funding and Employment Opportunties

The Isaac Roet Prize is an international essay contest about the promotion of world peace through economic interaction. Students from all economic faculties at universities around the globe are invited to participate and to write an essay on the theme of the 2008 edition of the essay competition, Resource access and world peace: policies to promote global stability in view of growing scarcity of non-renewable natural resources.

A prize of €5,000 will be awarded for the best essay on this subject. Deadline for submissions is December 31, 2008. The maximum length of the essay is 10,000 words. Submitted essays must be unpublished. Only essays written in the English language may be submitted to the competition. The participant must not have passed his/her Master’s degree (or the equivalent thereof) before January 1, 2008.

Details on the competition can be found on www.roetprize.org or www.peaceprize.org


The American Council of Learned Societies (ACLS) invites applications for the eighth annual competition for the Charles A. Ryskamp Research Fellowships, generously funded by The Andrew W. Mellon Foundation in honor of Charles A. Ryskamp, literary scholar, distinguished library and museum director, and long-serving trustee of the Foundation. These fellowships support advanced assistant professors and untenured associate professors in the humanities and related social sciences whose scholarly contributions have advanced their fields and who have well-designed and carefully developed plans for new research. The fellowships are intended to provide time and resources to enable these faculty members to conduct their research under optimal conditions. The ultimate goal of the project should be a major piece of scholarly work by the applicant.

FUNDING: ACLS will award up to 12 Ryskamp Fellowships in the 2008-2009 competition. Each fellowship carries a stipend of $64,000, a fund of $2,500 for research and travel, and an additional 2/9 of the stipend ($14,222) for one summer’s support, if justified by a persuasive case.

The deadline for applications is October 2, 2008. More information can be found at http://www.acls.org/grants/Default.aspx?id=408


The New Ideas Fund is seeking to support individuals to generate and develop new ideas in the fields of foreign policy and national security.  NIF projects should result in a  policy brief or a “white-paper” style report detailing the author’s new vision for American foreign policy.  The New Ideas Fund will also consider publicizing already published material.

NIF funds ambitious projects that promise to shift foreign policy and national security debates in new, progressive directions. When submitting a project proposal, prospective grantees should explain the focus of their project, its significance to the foreign policy and national security disciplines, how it differs from past approaches, and its potential to effect progressive change either in the near future or in the long term.

Grants are available in the $5,000 to $25,000 range. For more information visit http://www.newideasfund.org/


Women’s Action for New Directions (WAND) is seeking a full-time Deputy Executive Director in the Arlington, MA office. WAND is a national non-profit organization that has been working for 25 years to educate women and the public to reduce violence and militarism, and redirect excessive military resources toward unmet human and environmental needs.

The Deputy Executive Director must be an accomplished planner and doer who is comfortable with a non-profit board and staff, is familiar with a wide variety of organizational structures and possibilities, and can secure credibility with stakeholders at every level.

Deadline to apply is August 24. More information at http://www.idealist.org/en/job/293425-16


The peer-reviewed journal Global Change, Peace and Security announces the 2008 Routledge-GCP&S Essay competition. The editors invite entries from students and eligible early career academics that explore aspects of political, economic, and cultural life as these impact on relations across national borders. The winner will be awarded $US500, a certificate from the publisher, and consideration of the entry for publication in their journal. Essays submitted should be 6000–8000 words in length.

The competition is open to those enrolled in an undergraduate or postgraduate degree, or who have graduated within the previous four years. Previously published research articles, or those that are being considered for publication, will not be acceptable. Essays currently being assessed as part of a degree will also not be accepted.

The style must conform strictly to the guidelines set out on the journal’s website and be accompanied by the author’s name, their contact details, and details of their institutional affiliation if applicable. For guidelines refer to

Please send entries (in English and as email attachments only) to gcps@latrobe.edu.au by no later than Friday, November 7, 2008.

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Food for Thought

“Over the last two years, while Iraq has earned nearly $100 billion in oil revenues (and spent just $2 billion on capital investments such as roads, water and electricity), US taxpayers have plowed $48 billion into reconstruction activities in Iraq. About half of that has gone to the oil and electricity infrastructures. The US has also helped to renovate 3,000 schools, train 30,000 teachers, distribute 8 million textbooks and rebuild irrigation infrastructure for 400,000 people, as well as fund projects to improve drinking water, bridges, roads, sewage treatment, airports and, of course, oil pipelines and refineries.

“True, it was the United States that invaded Iraq, and none of the work we’ve done there since is adequate compensation for the five years of suffering that the Iraqi people have endured. But at a time when the US economy is weak and our own bridges, roads and airports are in desperate need of repair, there is a real question of whether we can sustain subsidizing Iraq’s rebuilding on this scale.

“...The oil windfall is yet another example of the ongoing financial fallout of the war, which is costing the US more than $13 billion a month (not counting the future costs of caring for war veterans and replenishing military equipment).”

Linda J. Bilmes and Joseph E. Stiglitz, August 15, 2008 in the Los Angeles Times

The complete article can be viewed at:


“The Pentagon seems to have decided that anthropology is to the war on terror what physics was to the Cold War. As an anthropologist, this makes me very nervous,” writes Hugh Gusterson in the Bulletin of Atomic Scientists. The Pentagon has announced two major initiatives to mobilize anthropological knowledge for war.

Dr. Gusterson concludes, “When research that could be funded by neutral civilian agencies is instead funded by the military, knowledge is subtly militarized and bent in the way a tree is bent by a prevailing wind. The public comes to accept that basic academic research on religion and violence ‘belongs’ to the military; scholars who never saw themselves as doing military research now do; maybe they wonder if their access to future funding is best secured by not criticizing US foreign policy; a discipline whose independence from military and corporate funding fueled the kind of critical thinking a democracy needs is now compromised; and the priorities of the military further define the basic terms of public and academic debate.”


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EPS Publications and Resources

Member Susan Edelman has written an article for EPS reviewing The Numbers, Just the Numbers: GWOT and the Requests for Supplemental Appropriations. In it she discusses the atypical use of supplemental appropriations in the Global War on Terror as compared to past wars. She also details the actual outlays for each year since fiscal year 2001.


Bullet Proceedings from the EPS conference War and Poverty, Peace and Prosperity, held May 30 – June 1, 2007 in Annandale-on-Hudson, NY, are available in hard copy or PDF. Audio and transcripts of each session are also posted on our website. To request a hard copy, please email Thea Harvey at theaharvey@epsusa.org.

“Arms, War and Terrorism in the Global Economy Today: Economic Analyses and Civilian Alternatives” is a volume published by Bremer Schriften zur Konversion that presents papers of two joint seminars of EPS and the European Association for Evolutionary Political Economy (EAEPE) which took place in Rethymon, Crete, Greece, complemented by papers from the Second International Conference on Defense, Security, and Economic Development held in Larissa, Greece in 2004.

Contributing authors include Michael Intriligator, Fannie Coulomb, Jacques Fontanel, Jurgen Brauer, Gulay Gunluk-Senesen, J. Paul Dunne, Luc Mampaey, Claude Serfati, Christos Kollias, Clark Abt, and Lucy Law Webster, as well as many other notable economists.

The book is available from the publishers, LIT Verlag, for €24.90 at http://www.lit-verlag.de/isbn/3-8258-0045-1.


Fact Sheets: Periodically, we release two-sided fact sheets designed to give an accessible, graphic look at one specific issue of concern to our members and constituency.

Global Arms Trade 2004 examines the world’s supplies of conventional weapons and small arms. http://www.epsusa.org/publications/factsheets/globalarmstrade.pdf

Military vs. Social Spending: Warfare or Human Welfare compares US and global military spending with the costs of achieving the UN Millennium Development Goals. http://www.epsusa.org/publications/factsheets/milexMDG.pdf


Conflict or Development? This book has a regional focus on Africa, the site of most of the world’s current armed conflicts. In its pages some of the leading economists of the day analyze and reflect on the relationships among military spending, domestic and foreign policy, security, and human welfare. Features include country studies, sections on business and conflict, and “Trends in World Military Expenditure.” Written in a general-interest style, with informative maps, tables, and graphs, the series is designed to inform the debate among policymakers, activists, journalists, academics, students, and citizens worldwide.

You can order Conflict or Development by emailing theaharvey@epsusa.org.

Conflict or Development is also a valuable resource in teaching economics, political science, and international relations courses. To review a copy for use in your syllabus, email Thea Harvey at theaharvey@epsusa.org.

Bullet The Full Cost of Ballistic Missile Defense. This study estimates that the total life cycle cost for a layered missile defense system could reach $1.2 trillion through 2035. You can download the PDF file from http://www.epsusa.org/publications/papers/bmd/bmd.pdf, or order a copy of the report from the cosponsor of the study at http://www.armscontrolcenter.org/nmd/fullcost.html.

Data Resource webpage offers links to data sources for:

  • International military expenditure and conflict indicators
  • US military expenditure and capabilities
  • Western Europe
  • Russia

http://www.epsusa.org/network/data.htm. If you know of a data source that you feel should be added to our list, please contact Thea Harvey at theaharvey@epsusa.org.

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Action Corner

Iran: Diplomacy, Not Blockade. Some 258 members of the House have cosponsored legislation calling on the president to impose a blockade on Iran. Thanks to the efforts of activists, several members of Congress have withdrawn their support for H. Con. Res. 362 and have supported calls for more US diplomatic talks with Iran. But the sponsors of the blockade resolution are urging Congress to vote on this resolution after the summer recess in September.

The Friends Committee on National Legislation (FCNL) has suggestions for using the summer recess to lobby your Congressional Representative to support diplomacy and oppose a blockade on Iran. Visit http://action.fcnl.org/r/18103/43984/ for more information


FCNL also has resources to help talk to candidates about peace issues and to help make peace a forefront issue in your community during this election cycle.

In an election year, candidates running for Congress participate in many different events. At these functions, interested and involved individuals can often engage their potential representatives on any issue whatsoever. In fact, it’s very likely that candidates in your state or district will

  • hold town hall meetings
  • participate in telephone conference calls
  • appear at house parties, church socials, and other public events

At local forums with candidates or their supporters, you can ask candidates what tools, other than the military, they will support to protect the United States and build real security. For more suggestions, visit http://www.fcnl.org/wina/questioncandidates.htm

Perhaps you would like to talk to local organizations about how they can contribute to the discussion on peace in the 2008 elections. The FCNL “War Is Not the Answer” team has prepared a kit that will make your presentation a snap. For suggestions on how to assemble your “Making Peace an Election Issue” presentation, visit http://www.fcnl.org/getin/resources/wina_box.htm.


Want to get the word out on the topic that matters most to you? With a letter to your local paper, you can help bring your message not only to your neighbors, but directly to the offices of your Members of Congress as well, where staffers and our lawmakers themselves follow opinions from home with an especially watchful eye.

The ACLU has a tool that helps write and send letters to local papers. Available are a list of media outlets by state, tips on how to write a letter in your own words, plus talking points for the listed topics.


Bullet Do you have a foreign policy alternative that should be heard in the halls of government? Citizens for Global Solutions provides an easy-to-use tool to find the foreign policy staffer for your Member of Congress. Click here to access the Foreign Policy Staffer Locator: http://globalsolutions.org/hill/fpstaff.
Bullet If you would like to post an EPS flyer on a departmental bulletin board or similar venue, please contact Thea Harvey at theaharvey@epsusa.org.
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Upcoming Events

September 3 – 7, 2008. The European Science Foundation presents a conference on Imaging War: Intergenerational Perspectives in Vadstena, Sweden. More information available at http://www.esf.org/activities/esf-conferences/details/2008/confdetail258.html?conf=258&year=2008

Bullet October 27 – 29, 2008. An international forum, Confronting Biological Threats: Biosecurity, Biological Weapons Nonproliferation, and Regional Cooperative Mechanisms will be held in Amman, Jordan. The event brings together academic experts and practitioners from governments, inter-governmental organizations, academic institutions, civil society and the private sector. The conference is organized by the Arab Institute for Security Studies. More information at http://www.acsis.org/announcements.asp
Bullet November 14, 2008. A benefit evening for EPS with Joseph Stiglitz at the Manhattan home of Alan Harper. See above for more details.
Bullet January 3 – 5, 2009. Allied Social Sciences Associations/American Economics Association meetings in San Francisco, California. Please note the meetings are Saturday through Monday this year. EPS is organizing two sessions: “Inequality:  Economic, Fiscal and Financial, and Societal Dimensions” and “Global Security and the Global Financial System: The Challenges Ahead.” To celebrate our twentieth year at the ASSA meetings, the EPS dinner will honor our two founding co-chairs: Kenneth Arrow and Lawrence Klein. See above for more details.
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How Can I Help?
Bullet Become a member of EPS. Your annual membership entitles you to discounts on publications, invitations to events, our informative newsletters, and more. Most importantly, by joining us you help to ensure that reasoned perspectives on essential economic issues will continue to be heard. Membership dues and other donations are fully tax-deductible. Visit http://www.epsusa.org/membership/membership.htm for more information.

If you have enjoyed this issue of EPS NewsNotes, or if you wish to support our mission, please consider donating to EPS. You can do so securely online through our website or by sending a check to:

Economists for Peace and Security
at the Levy Economics Institute
Box 5000
Annandale on Hudson, NY 12504

Questions? Call (845) 758-0917, or email info@epsusa.org.

  • For more information about EPS, visit our website www.epsusa.org.
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