September 2015


Since wars begin in the minds of men, it is in the minds of men that the defenses of peace must be constructed.

~UNESCO Constitution





Table of Contents

EPS News

In Other News


Funding & Employment Opportunities

EPS Publications

Action Corner

Upcoming Events

How Can I Help?




EPS News 


EPS at The AEA


EPS will be organizing two sessions and our annual dinner at the 2016 ASSA/AEA Annual Meetings.




The Crisis of Austerity
Sunday, Jan 3, 2016 10:15 am, Hilton Union Square, Continental – Parlor 2

Panel Moderator: Marshall Auerback 


Patrick Honohan - Central Bank of Ireland - Austerity in Ireland

Jeffrey Sommers - University of Wisconsin, Milwaukee - Austerity in the Baltics

Allen Sinai - Decision Economics, Austerity and Monetary Policy

James K. Galbraith - EPS, University of Texas- Austin, Austerity in Greece


Balancing National Security and Transparency
Sunday, Jan 3, 2016 2:30 pm, Hilton Union Square, Continental – Parlor 2

Panel Moderator: Richard Kaufman - Bethesda Research Institute 

Yanis Varoufakis - Former Finance Minister, Hellenic Republic
Robert Skidelsky - Warwick University 
Linda Bilmes - Harvard University 
Daniel Ellsberg - Nuclear Age Peace Foundation 


This year our dinner will honor Daniel Ellsberg.

January 4th, 2016

6:30pm - 10pm


*Please note The Annual Meeting will be held on Sunday, Monday, Tuesday this year.




20th Annual International Annual Conference on Economics and Security


The Twentieth International Annual Conference on Economics and Security will be held at TED University, Ankara, Turkey on June 16-17, 2016.


ICES welcomes presentations that address any issue relating to peace and security broadly defined. The conference strives for a multi-disciplinary program comprising contributions with a wide range of theoretical and methodological approaches, including strictly theoretical work, game theory and formal modeling, statistical and econometric analysis, qualitative studies, and experiments.


Abstracts (150-250 words) with a tentative title submitted before April 1, 2016 will be considered for the conference.


Further information on the organization of the conference will be availabe at: 

For any further information about the conference, you can contact the organizers here:



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In Other News 

There's Still No Solution To The Real Cause Of The Refugee Crisis

By Nick Robins-Early for The Huffington Post September 11, 2015


European Union leaders will meet next week to try and establish a common policy for the EU’s member states to deal with the continent’s ongoing refugee and migrant crisis, as thousands of people continue to cross into Europe each day. This summer saw a dramatic increase in the number of people fleeing conflict and hardship, particularly from Syria, underscoring the need for an international response to a humanitarian disaster that has been going on for years.


Countries in Europe and elsewhere are now considering accepting more refugees, and the EU is contemplating a quota system that would distribute the people seeking asylum throughout the union’s various member states. Yet even as there’s been a burst of action to mitigate the effects of the crisis within European borders, Western leaders have remained relatively silent on one of the key factors causing that crisis -- namely, Syria's civil war, a push factor that has created a surge in refugees and internally displaced people.


In total, more than 10 million Syrians have been forced from their homes by the conflict, or about half the country's population. Of the more than 4 million people who have fled the country as refugees, most are in neighboring states like Turkey and Lebanon. But a number of factors -- including dwindling humanitarian aid and a lack of access to work and public services -- are making these countries increasingly untenable places for Syrian refugees to stay. As a result, many people are attempting the journey to Europe.


Read the full article here:




Prison Gets Rich Locking Up Preschoolers

By Betsy Woodruff for The Daily Beast, September 8, 2015


Corrections Corporation of America is getting rich from jailing children and pregnant women—and no one seems to care.


If you’re looking to make some money, try locking up toddlers.


One for-profit prison company has found that incarcerating infants, toddlers, children, and mothers—as long as they’re undocumented immigrants—is a great way to boost their revenue by upward of $49 million over the previous year.


The latest quarterly finance report from Corrections Corporation of America, a for-profit prison company, indicates that its contract with Immigration and Customs Enforcement to manage a detention center packed with immigrant mothers and children is very helpful to its bottom line.


Part of the reason their deal is so lucrative? The public isn’t particularly bothered by it.


Read the full article here:




Call for Applications: The Ibrahim Leadership Fellowships, designed to mentor future African leaders

The Ibrahim Leadership Fellowships form a selective programme designed to mentor future African leaders. The Fellows receive mentoring from the current leaders of key multilateral institutions.

Application process:

Prospective fellows who meet the eligibility criteria are invited to apply directly to the current hosts once the application process opens.


The timeline for applications is:

Process opens Wednesday, September 9, 2015
deadline for submissions – Monday, November 9, 2015
notification of successful candidate – Wednesday, January 27, 2016
anticipated start date – early May 2016.


More Information available here:




Call for Papers: The 16th Jan Tinbergen European Peace Science Conference


The 16th Jan Tinbergen European Peace Science Conference, annual meeting of NEPS, will take place at the Catholic University of the Sacred Heart, Largo Gemelli 1, 20123 Milan on 20th – 22nd June 2016.


Raul Caruso will be the local host of the conference at the Catholic University of the Sacred Heart.


Also, we are delighted to inform you that the NEPS Lecture will be given by Halvard Buhaug, Peace Research Institute Oslo (PRIO).


We welcome presentations that address any issue relating to peace and security broadly defined. As in the past, we strive for a multi-disciplinary program comprising contributions with a wide range of theoretical and methodological approaches, including strictly theoretical work, game theory and formal modeling, statistical and econometric analysis, qualitative studies, and experiments. Programs and lists of participants of

All abstracts (150-250 words) with a tentative title must be submitted by January 30,


More information available here:






Low-carbon Cities Are a $17 trillion Opportunity Worldwide 

Report by The New Climate Economy, September 8, 2015


New research from the New Climate Economy finds that investing in public and low emission transport, building efficiency, and waste management in cities could generate savings with a current value of $17 trillion by 2050. These low-carbon investments could also reduce greenhouse gas emissions by 3.7 Gt CO2e per year by 2030, more than the current annual emissions of India.


With complementary national policies such as support for low-carbon innovation, reduced fossil fuel subsidies, and carbon pricing, the savings could be as high as $22 trillion.

“The steps that cities take to shrink their carbon footprints also reduce their energy costs, improve public health, and help them attract new residents and businesses,” said Michael R. Bloomberg, UN Secretary-General’s Special Envoy for Cities and Climate Change. “This report can help accelerate the progress cities are making in all of these areas, by highlighting smart policies and encouraging cooperation through efforts like the Compact of Mayors.”


The report recommends that cities commit to low-carbon urban development strategies by 2020. It also recommends cities commit to the Compact of Mayors, a global coalition of mayors and city officials pledging to reduce local greenhouse gas emissions, enhance resilience to climate change, and track their progress transparently. More than 130 cities – representing more than 220 million people – have already committed to the Compact of Mayors and will be setting ambitious emissions reduction targets and reporting publicly.


Read more here:




Economists vs. Economics

By Dani Rodrick for Project Syndicate, September 10, 2015


Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes, excessive attention to formal techniques, and failure to predict major economic developments such as financial crises – have usually come from outsiders, or from a heterodox fringe. But lately it seems that even the field’s leaders are unhappy.

Paul Krugman, a Nobel laureate who also writes a newspaper column, has made a habit of slamming the latest generation of models in macroeconomics for neglecting old-fashioned Keynesian truths. Paul Romer, one of the originators of new growth theory, has accused some leading names, including the Nobel laureate Robert Lucas, of what he calls “mathiness” – using math to obfuscate rather than clarify.

Richard Thaler, a distinguished behavioral economist at the University of Chicago, has taken the profession to task for ignoring real-world behavior in favor of models that assume people are rational optimizers. And finance professor Luigi Zingales, also at the University of Chicago, has charged that his fellow finance specialists have led society astray by overstating the benefits produced by the financial industry.

Read the full blog post here:




Funding & Employment Opportunities 


Environment & Natural Resources Division Associate

Abt Associates, United States


The Associate will perform economic, financial, and other quantitative analyses on issues of environmental and natural resource regulation and policy. The candidate(s) will work closely with senior level staff in performing these analyses. The candidate should have demonstrated capability in managing project tasks and budgets.


Preferred experience:
• Conducting quantitative research and analysis in economics and regulatory policy
• Assessing the impacts of policies on industries and regional economic impacts
• Working in a consulting/client-focused work environment
• Leading natural resource damage assessment (NRDA) projects
• Ability to collaborate broadly with environmental professionals of various disciplines
• Outstanding academic record with course work in environmental/resource economics, finance, quantitative methods, biology, physical and/or environmental sciences


More 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:

To become a member of EPS (and qualify for the subscription discount):




Action Corner


Economists Support the Iran Peace Deal


Economists for Peace and Security and the undersigned support the Iran Nuclear Agreement (JCPOA) mainly because it is the best way to prevent Iran from acquiring nuclear weapons and to avoid a war with that country. We should have learned by now that going to war should be the absolute last option, and that diplomacy can resolve disputes with other nations in a satisfactory and cost efficient way. 


Why is this agreement the best chance to avoid war with Iran? Iran wants very badly to end the sanctions and to resume trade and other relations with the United States and Europe. Iran knows that the cost of being found to cheat will be very high; therefore it has a very strong reason to respect this agreement. For that reason, Iran is willing to accept intrusive inspections, which will, in turn, help assure the rest of the world that the agreement is respected. 


We do not have to look further than the war with Iraq to see how much war can cost. That war has been disastrous for the US in terms of military spending and the consequences for the US economy. The war with Iraq has cost us 4500 American lives, upwards of $2 trillion in direct costs, and over $6 trillion by the time it will have been all paid for, a generation or more from now.  And that does not include the damages to Iraq in human, material and security terms, or the ongoing challenges in that region as a result of the war. 


We should learn about the costs of war from what happened in Iraq, and we should give the possibility of peace with Iran a chance.   


Further background information and a full list of signatories available here:




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Upcoming Events 


  • 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:
  • October 5, 2015 From Theory to Practice: the Inaugural Positive Peace Conference. The conference is organized by The Institute for Economics and Peace, Humanity United, and the Center on Democracy, Development and Rule of Law at Stanford University’s Freeman Spogli Institute for International Studies and will be held at Stanford University. 

    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:
  • November 13 - 14, 2015 Medact Two Day Forum 2015: Health Through Peace will be held at Friends House, London, UK.

    Health Through Peace is a a two-day event hosted by Medact, Saferworld, Oxford Research Group, Kings College London, Quakers in Britain, ICAN UK, Campaign Against Arms Trade and others, at which you can learn and take on action of some of most important issues in the world today. Through it, the organizers are calling on the UK health community to promote health by confronting war and militarisation, and tackling the root drivers of global insecurity.

    More information available here:
  • January 3 - 5, 2016 The ASSA/AEA Annual Meetings will be held in San Francisco, CA.
    *Please note The Annual Meeting will be held on Sunday, Monday, Tuesday this year.

    More information available here:
  • January 7 - 10, 2016 Western Economic Association International 12th International Conference will be held at Nanyang Technological University, Singapore.

    More information available here:
  • June 16 - 17, 2016 Twentieth International Annual Conference on Economics and Security will be held at TED University, Ankara, Turkey.

    More information as it becomes available here:
  • June 20 - 22, 2016 The 16th Jan Tinbergen European Peace Science Conference, annual meeting of NEPS, will be held at the Catholic University of the Sacred Heart, Largo Gemelli 1, 20123 Milan.

    More Information available here:




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