June 2015


One is left with the terrible feeling now that war settles nothing; that to win a war is as disastrous as to lose one.


~Agatha Christie.




Table of Contents

EPS News

In Other News


Funding & Employment Opportunities

EPS Publications

Action Corner

Upcoming Events

How Can I Help?




EPS News 


19th International Conference on Economics and Security

June 25 - 27, 2015, Grenoble, France


ENSTA Bretagne (Brest), University Pierre Mendès France (Grenoble) and the Institut d’Etudes Politiques of Grenoble will host the 19th Annual International Conference on Economics and Security will be held in Grenoble, France, on June 25-27, 2015. The conference is co-organized with Economists for Peace and Security.


More information is available here:




Europe’s Last Act?

By EPS Trustee Joseph E. Stiglitz for Project Syndicate, June 5, 2015


European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany and Greece’s other creditors continue to demand that the country sign on to a program that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.

The swing in Greece’s fiscal position from a large primary deficit to a surplus was almost unprecedented, but the demand that the country achieve a primary surplus of 4.5% of GDP was unconscionable. Unfortunately, at the time that the “troika” – the European Commission, the European Central Bank, and the International Monetary Fund – first included this irresponsible demand in the international financial program for Greece, the country’s authorities had no choice but to accede to it.


The folly of continuing to pursue this program is particularly acute now, given the 25% decline in GDP that Greece has endured since the beginning of the crisis. The troika badly misjudged the macroeconomic effects of the program that they imposed. According to their published forecasts, they believed that, by cutting wages and accepting other austerity measures, Greek exports would increase and the economy would quickly return to growth. They also believed that the first debt restructuring would lead to debt sustainability.

Read more here:



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In Other News 

The $20 Million Political Boondoggle That Just Won't Die

By Eric Pianin for The Fiscal Times June 8, 2015


Every year, 5,000 to 9,000 tons of coal mined from the rugged hills of Tamaqua in northeast Pennsylvania is loaded onto railcars and shipped to Rotterdam. From there, the coal is moved by barge, railcar or truck to a storage facility in a remote part of Germany.


When it comes time for the Air Force and Army to turn on the heat at a large military maintenance and repair installation in the small town of Kaiserslauntern in southwestern Germany, the utility there must burn only anthracite coal shipped 4,000 miles from Pennsylvania.


While less expensive foreign Bituminous Coal and other heating sources are readily available, a long-standing congressional earmark tucked away in the defense appropriations law requires the local utility in Germany  to burn Pennsylvania coal. Cost to the taxpayers? About $20 million a year. And that doesn’t include transportation. 


Read the full article here:




2015 Global Peace Index

The Institute of Economics and Peace


Is the world becoming more peaceful, or are there darker days ahead? What are the main factors that build peace and what can we do to prevent violence in the future?


With the rising threat of terrorism, escalation of several internal conflicts, and further outbreaks of unrest worldwide, there has never been a more pertinent time to question the state of peace, and to understand what we need to do to mitigate violence in the future.


The 2015 Global Peace Index does just this. This year, the Global Peace Index was released on June 17 with a series of events around the globe.


This years’ report is the most comprehensive analysis of the state of peace and conflict over the last nine years.


The report includs an in depth analysis of major ongoing conflicts, with a focus on the Middle East; it explores the challenges that urbanisation creates for peace; and the implications of militarisation.


A new addition to the report this year is a section focusing on non-violent movements and positive peace (the attitudes, structures and institutions that underpin peaceful societies).


More information available here:




The US Military is a National Security Threat

By Sean McElwee for Salon, May 24, 2015


America's armed forces are a massive drain on resources that could otherwise strengthen the country.


The American military budget is massive. At $610 billion, it dwarfs the combined military budgets of China, Russia, Saudi Arabia, France, the UK, India and Germany. Put another way, one third of all military spending the world comes from the United States. The problem is, however, that the American military budget may be crowding out other crucial investments.


As the era of American hegemony winds down, it’s more important than ever for America to be able to demonstrate soft power. That means first, an American model that works, for other countries to emulate. But further, it means a highly educated population, long-term investment in infrastructure, adequate healthcare, an society based, above all else, on opportunity. However, it’s likely that the military budget precludes these important services.


Read more here:




Call for Papers: Gender and Development


UNU-WIDER, in collaboration with the University of Namur (UNamur), Belgium, is organizing a project focusing on core issues in gender and development. The project aims to generate high-quality, high-impact research by engaging academics, researchers, and policy-makers.


While substantial progress toward gender equality and women’s empowerment has occurred over the past decades, key gaps, both in opportunity and capability, persist between males and females across various domains in all countries. Development economics continues to struggle with putting an effective gender dimension into analytical frameworks and national policy. The evidence base on gender equity in the broader concern of inclusion is still not sufficient for policy. The project aims to help fill this gap.  


More information available here:






The Globalization of Inequality

A new book by François Bourguignon for Princeton University Press


In The Globalization of Inequality, distinguished economist and policymaker François Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard of over half a billion people in emerging nations such as China, India, and Brazil, and the exponentially increasing inequality within countries. Exploring globalization’s role in the evolution of inequality, Bourguignon takes an original and truly international approach to the decrease in inequality between nations, the increase in inequality within nations, and the policies that might moderate inequality’s negative effects. 


Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments.


To read more visit:




Funding & Employment Opportunities 


Policy Specialist (Surge Support Gender and Peacebuilding)

UN Women: United Nations Entity for Gender Equality and The Empowerment of Women

New York, NY


UN Women, grounded in the vision of equality enshrined in the Charter of the United Nations, works for the elimination of discrimination against women and girls, the empowerment of women, and the achievement of equality between women and men as partners and beneficiaries of development, human rights, humanitarian action and peace and security.


The Policy Division develops and implements the UN Women program of work on analysis, research and knowledge management that provides the evidence base for the advice and guidance UN Women provides to the intergovernmental process, the UN system, and to UN Women staff working at country and regional level on issues of gender equality and women’s empowerment. It identifies emerging issues and trends, and develops and proposes new strategies for achieving the agreed goals through innovative approaches and lessons learned about what works in practice. It also designs and oversees the training and capacity development programs of UN Women, working closely with the UN Women training facility in Santo Domingo.


Full details available here:




Head of Economy and Peacebuilding Senior Program Officer

United States Institute of Peace, Kabul, Afghanistan


United States Institute of Peace is an independent quasi-federal institution established and funded by the US Congress to:

  • Prevent and resolve violent international conflict; 
  • Promote post-conflict stability and development; 
  • Increase peacebuilding capacity, tools, and intellectual capital.

The Institute accomplishes its mission through direct engagement in peacebuilding efforts around the world, and by empowering others with knowledge, skills, and resources.


The Senior Program Officer is based in USIP's Kabul office and takes the lead role in development and planning, financial management, and public outreach for specific programs.


Full details available here:




EPS Publications 


EPS Quarterly, Volume 27, Issue 2 —June 2015

US-Russia Avoiding a New Cold War Issue


This issue is comprised of edited transcripts of a panel session held on January 4, 2015 as part of the Allied Social Sciences Association meetings in Boston, Massachusetts.


"Oil rents... enable system to survive... The Putin Government is integrally tied to the continuation of the petro economy... The Whole system depends on the price of energy and commodities continuing to go up.""



  • Chair: Richard Kaufman
  • Robert Skidelsky
  • Allen Sinai
  • Stephen Walt
  • Charles Knight
  • James Carroll

Read the full issue here:




EPS Quarterly, Volume 27, Issue 1 —March 2015

The Economic and Security Future Issue


This issue is comprised of edited transcripts from a conference held on November 17, 2014, in Washington, DC.


"A prosperous 21st century will not happen by itself. Formidable obstacles lie between us and the future we seek. These obstacles are not iron laws of economics, limits on natural resources, or demographics as destiny. These obstacles are fundamentally political."


Table of contents 

  • Welcoming Remarks, James K. Galbraith
  • World Security Situation: Russia, Iraq, and Syria, and Beyond
  • Keynote: Damon Silvers
  • Growth and Jobs
  • Keynote: Jim Webb 
  • Agenda Ahead: Climate, Infrastructure, Finance and Security

Read the full issue here:




The Economics of Peace and Security Journal, Volume 10, Number 1 

(April 2015)

In addition to a four-article symposium on Nigeria, this issue contains three stand-alone articles. The first, by Jerry Hionis, is a theoretical piece considering the role of geographic distance in a contest between two warlords. The second, by Belah Fallal and Yousef Daoud, is on the effect of Israel's occupation on the Palestinian labor market. The third, by Matthew McCaffrey, studies aspects of war and peace economics in classic Chinese military writings. The symposium on conflict and peace in Nigeria starts with a political economy piece by Michael Nwankpa on Boko Haram. This is followed by Kostadis Papaioannou and Angus Dalrymple-Smith with a historical piece on the role of political order in affecting development outcomes today. Finally, a team of researchers around Topher McDougal, contributes two articles, one on the potential microeconomic benefits of peace in Nigeria's Middle Belt states; the other on the macroeconomic benefits for the country as a whole.


Table of Contents 

  • Nonparasitic warlords and geographic distance
    Jerry Hionis
  • Online supplement: Nonparasitic warlords and geographic distance
    Belal Fallah, Yousef Daoud
  • The economics of peace and war in the Chinese military classics
    Matthew McCaffrey
  • The political economy of securitization: The case of Boko Haram, Nigeria
    Michael Okwuchi Nwankpa
  • Political instability and discontinuity in Nigeria: The pre-colonial past and public goods provision under colonial and post-colonial political orders.
    Kostadis Jason Papaioannou, Angus Edwin Dalrymple-Smith
  • The Effect of Farmer-Pastoralist Violence on Income: New Survey Evidence from Nigeria’s Middle Belt States
    Topher L. McDougal, Talia Hagerty, Lisa Inks, Claire-Lorentz Ugo-Ike, Caitriona Dowd, Stone Conroy, Daniel Ogabiela
  • Macroeconomic benefits of farmer-pastoralist peace in Nigeria’s Middle Belt: An input-output analysis approach
    Topher McDougal, Talia Hagerty, Lisa Inks, Caitriona Dowd, Stone Conroy

The Journal is a peer-reviewed online publication hosted by EPS. Published twice yearly, it raises and debates 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 subscribers.

EPS members receive a 50% discount on the annual subscription to the Economics of Peace and Security Journal. A regular one-year subscription is $50; for EPS members, it's only $25!


For more information about the Journal or to subscribe:

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Action Corner


Stop The Bombing of Syria and Iraq


Afghanistan, Iraq, and Libya illustrate the limitations imposed on military might by the harsh reality of seemingly endless, uncontrollable violence. Americans who think a blank check for the Pentagon and an open-ended commitment to wage war on terror will make us safer should look at those conflicts and think again.

Congress will need to hold a debate and vote to authorize the military campaign against the Islamic State that has been underway for months now.

In the near term, forsaking the rule of law in favor of violent strikes may give some false satisfaction. In the long run though, a massive violent response to a small army of extremists means more mothers, brothers, fathers, sisters and children will be killed and even more radicalized to carry on this endless war. In the end, we will pay the price for giving in to fear and hate.

This plays right into the terrorists’ hands. They want us to be controlled by fear and to resort to indiscriminate revenge. Resorting to wholesale violence brings us to their level. Such violence will produce the fear and hatred in their homelands that they need to prosper. It enables them to bring ever more violence against those they see as their enemies.

There are alternatives.


More Information available here:




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Upcoming Events 


  • June 22 - 24, 2015 The 15th Jan Tinbergen European Peace Science Conference will be held at the Department of Politics and International Studies at the University of Warwick, UK.

    More information is available here:
  • June 25 - 27, 2015 The 19th International Conference on Economics and Security will be hosted by EPS - France in Grenoble, France.

    ENSTA Bretagne (Brest), University Pierre Mendès France (Grenoble) and the Institut d’Etudes Politiques of Grenoble are pleased to announce that the 19th Annual International Conference on Economics and Security will be held in Grenoble, France, on June 25-27, 2015. The conference is co-organized with Economists for Peace and Security.

    More information available here:
  • June 28 - July 2, 2015 The 90th Annual Western Economics Association International Conference will be held at the Hilton Hawaiian Village, Waikiki.

    More information is available here:
  • July 24 - 26, 2015 The 6th International Meeting on Conflict Management, Peace Economics and Peace Science will be held at Chulalongkorn University, Bangkok, Thailand. Organized in cooperation with Chulalonkorn University, The State University of New York at Binghamton, and The International Center for Conflict Prevention and Management.

    For more information email Manas Chatterj
  • July 26 - 31, 2015 CATO University Summer Seminar on Political Economy will be held at the Cato Institute in Washington DC.

    More Information available here:
  • September 17 - 19, 2015 Colloquium "Right to Food, Peace and Democracy" the Università Cattolica del Sacro Cuore, in collaboration with the Congregation for Catholic Education of the Holy See and the International Federation of Catholic Universities is organizing an international Colloquium on the theme: Right to Food, Peace and Democracy. Research and Education in an ethical perspective. The Colloquium will be held in Milan Italy.

    More information available here:
  • November 6 - 7, 2015 Beyond Boundaries: Shifting Dynamics in Peace and Conflict Studies will be hosted by The Kroc Institute for International Peace Studies, at Notre Dame University.

    More Information available here:




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