Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made
to feel that society is an organized conspiracy to oppress, rob and
degrade them, neither persons nor property will be safe.
Economists for Peace and Security
cordially invites you and a guest to join us for an
evening at the home of
Kathleen Stephansen and Andrew
with special guest
Dr. Alan Blinder
Wednesday, November 16, 2011
6:30 – 9:00pm
Hosted by Kathleen Stephansen
and Andrew Racine
Refreshments and hors d’oeuvres will be served
To attend this
event please contact Thea
A Roadmap for Effective Economic
Reconstruction in Conflict-Affected Regions October 26, 2011 9:00am – 1:00pm
U.S. Institute of Peace Washington DC
Join USIP for this event, which aims to outline
appropriate strategies for effective and lasting economic
transformation in countries or regions affected by violent
conflict. More than 1.5 billion people live in fragile and
conflict-affected states. Recent attempts to foster stability and
economic growth in fragile and conflict-affected states have had
limited impact and millions remain destitute and insecure. This
event builds on an online discussion hosted by the International
Network for Economics and Conflict and the insightful commentary by a
distinguished panel of experts, who reviewed aspects of the World
Bank's 2011 World Development Report on Conflict, Security and
Development. This half-day event will bring together of
leading scholars and experienced practitioners to examine strategies
for economic reconstruction in conflict-affected countries.
The event will also launch a new USIP Special Report,
The Economics of Peace: Five Rules for Effective Reconstruction<http://inec.usip.org/resource/economics-peace-five-rules-effective-reconstruction>,
with a presentation by author, Dr. Graciana
del Castillo and remarks by former executive vice president of the U.S.
Overseas Private Investment Corporation and founding partner of Total
Impact Advisors, Ambassador John Simon.
For more information please
visit the USIP event page
Balanced Budget Amendment
by Micah Hauptman and Marshall Auerback,
October 12, 2011 for The
"'Balance the budget!' It's the endlessly repeated
narrative heard in Washington. Implicit in this narrative is that
budget deficits are crippling our economy and the US government is on
the verge of insolvency. If we only imposed strict fiscal discipline
like Greece, we'd be on the road to recovery in no time! Ask yourself
how that's working out for Greece right now.
"We are currently in what Republicans in Congress
are calling 'Balanced Budget Month.' But it's not just Republicans who
have embraced a commitment to drastically slash deficit spending.
Virtually everyone in Washington agrees that budget deficits are
dragging our economy down and that they must therefore be dealt with
swiftly and vigorously."
To read the full article,
Government spending key to
cure the economy
by Joseph E. Stiglitz, October
9, 2011, for
The Gulf Times
"As the economic slump that began in 2007 persists,
the question on everyone’s minds is obvious: Why? Unless we have a
better understanding of the causes of the crisis, we can’t implement an
effective recovery strategy. And, so far, we have neither.
"We were told that this was a financial crisis, so
governments on both sides of the Atlantic focused on the banks.
Stimulus programmes were sold as being a
temporary palliative, needed to bridge the gap until the financial
sector recovered and private lending resumed. But, while bank
profitability and bonuses have returned, lending has not recovered,
despite record-low long- and short-term interest rates.
"The banks claim that lending remains constrained
by a shortage of creditworthy borrowers, owing to the sick economy. And
key data indicate that they are at least partly right. After all, large
enterprises are sitting on a few trillion dollars in cash, so money is
not what is holding them back from investing and hiring.
"Some, perhaps many, small businesses are, however,
in a very different position; strapped for funds, they can’t grow, and
many are being forced to contract."
See the entire article at
EPS raised $65 last year
with GoodSearch. The more you use
GoodSearch, the more money you can raise for
EPS, just by searching the internet or shopping online - at no cost to you.
With every search you do, EPS receives a penny; when everyone uses it,
the pennies add up.
To start using GoodSearch, see
Structures of Peace
Structures of Peace is a report produced by the
Institute for Economics and Peace that identifies what leads to
Peace is a new conceptual framework for understanding and
describing the factors that create a peaceful society, derived from an
empirical and statistical analysis of the Global Peace Index. Over 300
country data sets were used to define the key economic, political
and cultural determinants that foster the creation of a more
The Structures of Peace, derived from the analysis
presented in the report, consist of the following elements:
distribution of resources
of the rights of others
relations with neighbors
flow of information
levels of education
levels of corruption
These eight factors were found to be associated with
peaceful environments and can be seen as both interdependent and
positively reinforcing of each other. This means the relative strength
of any one ‘structure’ has the potential to influence peace either
positively or negatively.
For more information and to
read the full report, visit
The Cost of Tax Cuts
The National Priorities Project launched costoftaxcuts.com,
three rolling counters that show the revenues lost to the US Treasury
by the Bush tax cuts for the top 1% of earners, the next 4%, and the
total top 5% of earners in the United States. It calculates the cost of
the tax cuts to date, and how much money will be lost to the US
Treasury if the cuts are extended out over the next decade, as some
lawmakers are proposing.
Clicking on the Richer & Poorer tab provides some great facts
about the impact of the tax cuts. For instance, did you know that the
tax cut received by the top 1% of earners ($66,384) is
more than the average household income
($58,506) of the remaining 99%?
Check out the counters and facts here
In Other News
Call for papers
The 12th Jan Tinbergen European Peace Science
Conference, annual meeting of NEPS has announced a call for
All abstracts (150-250 words) with tentative title submitted
before February 18, 2012 will be considered for the conference.
Proposals received after February 18, 2012 will only be considered if
any presentation slots are still available.
For more details about this
call for papers, go to
Call for Papers
The Eastern Economic Association announces its call for papers
for the 2012 meetings, for papers in all subject areas of economics.
Please follow the submission directions on the website.
Paper Submission Deadline: November 8, 2011
Full details available at
Research Grant in Peace and Security
The Kanta Marwah
research grant in Peace and Security was officially announced October
2, 2011 at the unveiling ceremony of Mahatma Gandhi's statue at
This research grant is set up as a memorial to Mahatma
(M.K.) Gandhi, and in recognition of the work being carried by an international
group of Economists
for Peace and Security (EPS), and Mahatma Gandhi Peace
Council of Ottawa.
For more information about
the Kanta Marwah
Research Grant, see
The Piracy Issue
EPS Quarterly, September 2011. The articles in this
issue explore the effects of piracy on economics and the possible uses
of the discipline of economics on the problem of piracy.
Table of contents
from the Director
Pirates At Bay: The Atalanta Mission In
The Horn Of Africa
Economic Cost of Piracy
Oceans Beyond Piracy Project
Olaf J. de Groot and Anja Shortland
Read this issue of EPS
Economics of Peace and
Security Journal Vol. 6, No 2 - On peace, war, and violence - is now available online
·Sterling Huang and David Throsby on economic,
social determinants of peace
·Alvaro Riascos and Juan
Vargas on violence and growth in
on the (supposed) bellicosity of “mountain people”
·Vincenzo Bove on the demand
and supply of peacekeeping
·John Gilbert, Tanigawa
Takahiko, Krit Linananda,
and Alongkorn Tuncharoenlarp
on the deadweight cost of war
·Zachary Tambudzai on
determinants of military expenditure in
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. Previous contributors include Joseph Stiglitz, James Galbraith, and Lawrence Klein. The
Journal’s website also features book reviews submitted by members and
EPS members receive a 25% discount on the annual subscription to the
Economics of Peace and Security Journal. A regular one-year
subscription is $40; for EPS members, it's only $30! Non-subscribers
can access the abstracts and contents pages.
information about the Journal or to subscribe:
a member of EPS (and to qualify for the subscription
The Complex Crises Fund: Rapid Response Funding to Help
Prevent Deadly Conflict
Instead of pouring billions of dollars into warmaking, the United States should invest in the
Complex Crises Fund, an innovative tool to help prevent wars before
they start. The lack of flexible funding for civilian agencies has
contributed to the militarization of the US’s response to global
crises. Without rapid response funds available for civilian agencies to
act, the military has been left to fund and direct many activities that
should be civilian-led.
To find out more about The
Complex Crises Fund, visit
Get the word out on the topics
that matter most to you! The ACLU has a
tool that helps write and send letters to local papers. With such a
letter, you can help bring your message not only to your neighbors but
directly to the offices of your Members of Congress, where staffers and
our lawmakers themselves follow opinions from
home with an especially watchful eye.
list of media outlets by state, with tips on how to write a letter in
your own words plus talking points for the listed topics, see
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.
To access the Foreign Policy
Staffer Locator, go to
If you would like to post an EPS flyer on a
departmental bulletin board or similar venue, please contact Thea Harvey at firstname.lastname@example.org.
11 - 13, 2011. ICAPE's 3rd
international research conference: Re-thinking economics in a time
of economic distress will be held at the University
of Massachusetts-Amherst, Amherst, MA.
The 2007-08 financial crisis and subsequent economic downturn have
raised many questions about how well prevailing economic
approaches identify and explain pressing economic problems and
suggest sound ways to solve them. Exploring what needs to change
in economics and identifying productive paths forward are the
central themes of The International Confederation of Associations
for Pluralism in Economics 3rd international research conference.
details about the conference are available at
- November 16, 2011. EPS benefit, an
evening with Dr. Alan Blinder.
Kathleen Stephansen and Andrew Racine
will host an evening at their home with special guest speaker Dr.
Alan Blinder. All proceeds will help further the work done at
further details about the event, please contact Thea Harvey at email@example.com.
- January 6 - 8, 2012. Annual
meetings of the Allied Social Sciences Association and American Economics Association in Chicago, IL.
EPS will present two sessions on Friday, January 6. The EPS
Dinner in honor of Robert J. Gordon will be held Saturday, January 7.
Please check for details and
updates soon on our website:
- January 13 - 14, 2012. EURASIAN PEACE
SCIENCE CONFERENCE at Koç
University in Istanbul, Turkey. The Conference's goals are to
broaden cooperation among Eurasian and Middle Eastern peace
science scholars, encourage interaction with the worldwide peace
science community, and bring together research on conflict and
peace-related topics from throughout the world.
more information, visit
- March 9 - 11, 2012.
Eastern Economic Association 38th Annual Conference will
be held at the Boston Park Plaza Hotel, Boston, MA. The Eastern
Economic Association is a not-for-profit corporation whose object
is to promote educational and scholarly exchange on economic
affairs. Towards that end, the Association encourages the freedom
of research and discussion.
information about the conference is available at
- June 25 - 27, 2012.
The 12th Jan Tinbergen European Peace Science Conference, and
annual meeting of NEPS, will be held at the DIW Berlin, Department
of Development and Security, Mohrenstr.
58, 10117 Berlin, Germany.
more details, see
How Can I Help?
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 continue to be heard.
Membership dues and other donations are fully tax-deductible.
To become a member, go to
Join us on Facebook
Sign up for GoodSearch.
EPS gets a penny every time you use it for an online search, at no cost to you.