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October 2016






There's enough on this planet for everyone's needs but not for everyone's greed.

~ Mohandas Gandhi




Table of Contents

EPS News

In Other News


Funding & Employment Opportunities

EPS Publications

Action Corner

Upcoming Events

How Can I Help?




EPS News 

Economists for Peace & Secuirty Symposium:

Policy Challenges for the New US President

November 14, 2016

Hyatt Regency Washington on Capitol Hill

400 New Jersey Avenue, NW

Washington, DC


Economists for Peace and Security will conduct its 9th annual policy symposium at the Hyatt Regency Capitol Hill in Washington DC on November 14, 2016 to discuss the economic dimensions of the most pressing global security issues and those facing the domestic economy. Following one of the most unusual presidential and congressional elections in US history, three panels of senior specialists will present ideas for improving prospects for peace, and growth with fairness for all Americans.

For further information please contact Ellie Warren.

To register please click here.



Registration & Breakfast


Global Security: Russia, China, Europe and Latin America

Chair - Richard Kaufman, Bethesda Research Institute

Michael Lind

Mark Weisbrot, Center for Economic and Policy Research

Matias Vernengo, Bucknell University

Carl Conetta, Project on Defense Alternatives



Keynote: James K. Galbraith, Economists for Peace & Security



Jobs, Wages, Health & Social Security:  What Next?

Chair - Sherle Schwenninger, New America

Josh Bivens, Economic Policy Institute

Nancy Altman, Social Security Works

Pavlina Tcherneva, Levy Economics Institute
Stephanie Kelton, University of Missouri - Kansas City



An Agenda for Growth, Clean Energy and Climate Stabilization

Chair - TBA

Jeremy Richardson, Union of Concerned Scientists

David Colt, Efficient Resource Management 

Eban Goodstein, Bard Center for Environmental Policy


For further information please contact Ellie Warren.

To register please click here.




The $5 Trillion Wars
By Linda J. Bilmes for The Boston Globe, October 17, 2016

This October marks 15 years since American troops entered Afghanistan. It was a precursor to
the occupation of Iraq and is the longest military conflict in US history. Yet the trillions of dollars and thousands of lives expended in these wars have rated barely a mention in the presidential campaign.

The most recent estimates suggest that war costs will run to nearly $5 trillion — a staggering sum that exceeds even the $3 trillion that Joseph Stiglitz and I predicted back in 2008.

Yet the cost seems invisible to politicians and the public alike. The reason is that almost all of the spending has been financed through borrowing — selling US Treasury Bonds around the world — leaving our children to pick up the tab. Consequently, the wars have had little impact on our pocketbooks.

Read the full op-ed here:



EPS at The 2017 ASSA/AEA Annual Meetings
Hyatt Regency Chicago, Illinois January 6 - 8, 2017

Every year EPS participates in The ASSA/AEA Annual Meetings, we organize two sessions and host our annual dinner in honor of a prominent member of our community. What some may not know is that we also set up a booth in the exhibit hall where we showcase what EPS has been working on. This year we are inviting you to be represented at our booth. Have you been working on a paper, project or book in line with EPS’s mission? If so send us a summary, we’d love to read it.

Peace Sciences from Theory to Practice (Panel Discussion) 
Saturday, Jan. 7, 2:30 PM– 4:30 PM
Hyatt Regency Chicago, Ogden

Chair: Jurgen Brauer
- Charles Anderton
- Raul Caruso
- John Paul Dunne
- Raymond Gilpi
- Shikha Silwa

The Future of Growth
(Panel Discussion) 
Sunday, Jan. 8, 8:00 AM – 10:00 AM
Hyatt Regency Chicago, Regency D

Chair: James K. Galbraith
- Jonathan Ostry
- Robert Gordon 
- Anwar Shaikh
- Gerald Friedman

Dinner in Honor of Sheila Bair
Saturday, Jan. 7, 2017 
6:30 PM– 10:00 PM
Hyatt Regency Chicago

For more information contact Ellie Warren here:


Call for Papers - 21st Annual Conference on Economics and Security

The 21st Annual Conference on Economics and Security will take place June 22 - 23, 2017 at the Royal Military Academy, Brussels.

This Conference is organized by Cind Du Bois (Royal Military Academy Brussels), Caroline Buts (Vrije Universiteit Brussels) and Paul Dunne (University of Cape Town, EPS UK).

Organizers welcome contributions from economists, political scientists and others from around the world to share ideas and discuss the future developments in different research areas related to peace and security.

Abstracts (up to 300 words) should be submitted before April 1, 2017 to be considered for the conference.

For further information or to submit a paper or panel proposal, contact:
 Cind Du Bois:cindy.dubois@rma.ac.be



Support EPS while shopping online


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Start using AmazonSmile to support EPS here:

GoodSearch & GoodShop
The more you use GoodSearch and GoodShop, the more money is raised for EPS, just by searching the internet or shopping online — at no cost to you. Every time you search the web with GoodSearch, EPS receives a penny; when everyone uses it, the pennies add up. Shopping with GoodShop generates a percentage of your purchase for EPS. Check out the sites below, and start your shopping! 

Start using GoodSearch here:

Find out about GoodShop here:




EPS on Social Media 







In Other News 


Iraq War Records Reignite Debate Over US Use of Depleted Uranium
By Samuel Oakford for IRIN, October 6, 2016 

Records detailing as many as 181,000 rounds of depleted uranium munitions shot in 2003 by American forces in Iraq have been unearthed by researchers, representing the most significant public documentation of the controversial armament's use during the US-led invasion.


The cache, released to George Washington University in 2013 but until now not made public, shows that a majority of the 1,116 sorties carried out by A-10 jet crews during March and April of 2003 were aimed at so-called “soft targets” like cars and trucks, as well as buildings and troop positions. This runs parallel to accounts that the munitions were used on a wide array of targets and not just against the tanks and armoured vehicles that the Pentagon maintains super-penetrative DU munitions are intended for.


The strike logs were originally handed over in response to a Freedom of Information Act request by George Washington University’s National Security Archive, but were not evaluated and analysed independently until now.


Earlier this year, the Archive provided the records to researchers at the Dutch NGO PAX, and an advocacy group, the International Coalition to Ban Uranium Weapons (ICBUW), who were fishing for new information. IRIN obtained both the data and analysis done by PAX and ICBUW, which is contained in a report that will be published later this week.


Confirmation that the munitions were used more indiscriminately than previously acknowledged could renew calls for scientists to look deeper into the health effects of DU on civilian populations in conflict areas. The munitions have been suspected – but never conclusively proven – of causing cancer and birth defects, among other issues.

Read full article here:




After Nearly a Decade, School Investments Still Way Down in Some States
By Michael Leachman, Kathleen Masterson, Marlana Wallace for Center on Budget and Policy Priorities, October 20, 2016

Public investment in K-12 schools — crucial for communities to thrive and the US economy to offer broad opportunity — has declined dramatically in a number of states over the last decade. Worse, most of the deepest-cutting states have also cut income tax rates, weakening their main revenue source for supporting schools.


At least 23 states will provide less “general” or “formula” funding — the primary form of state support for elementary and secondary schools — in the current school year (2017) than when the Great Recession took hold in 2008, our survey of state budget documents finds.  Eight states have cut general funding per student by about 10 percent or more over this period.  Five of those eight — Arizona, Kansas, North Carolina, Oklahoma, and Wisconsin — enacted income tax rate cuts costing tens or hundreds of millions of dollars each year rather than restore education funding.

Read the full report here:






A Year of Reflection: The SIPRI Yearbook
This film series is produced in cooperation with Different Films Limited.


SIPRI released the eighth film in its short-film series 2016—A Year of Reflection. The film looks at the history and global impact of the SIPRI Yearbook, the Institute's flagship publication, since it was first published in 1969.


Watch the eighth film or see the whole series thus far on SIPRI's YouTube channel:




Funding & Employment Opportunities 


Watson Institute Postdoctoral Fellows Program
Brown University, Providence Rhode Island

The Watson Institute for International and Public Affairs at Brown University aspires to promote a just and peaceful world through research, teaching, and public engagement. Central to this mission is the Watson Postdoctoral Fellows Program, an effort to galvanize the careers of young social scientists conducting research related to the Institute’s three core thematic areas: development, governance, and security. Participants in this program will join an interdisciplinary community of scholars engaged in theoretically and substantively important research addressing the most pressing global issues of our time. Fellows receive two years of support, to be taken within a three-year period, with the expectation that they will pursue research and participate fully in the intellectual life of the Institute. Fellows will also teach one course per year in the Institute or in an affiliated Brown University social science department.

More Information available here:




EPS Publications  


EPS Quarterly, Volume 28, Issue 3, September 2016
The “Crisis of Austerity” Issue  

This issue is comprised of edited transcripts from a panel session held during the Allied Social Sciences Associations meetings in San Francisco, CA, January 3, 2016.  


Chair: Marshall Auerback

Read the full issue here:




EPS Quarterly, Volume 28, Issue 2, June 2016
The “National Security and Transparency” Issue  

This issue is comprised of edited transcripts from a panel session held during the Allied Social Sciences Associations meetings in San Francisco, CA, January 3, 2016.  


Chair: Richard Kaufman

Read the full issue here:




The Economics of Peace and Security Journal, Volume 11, Number 1 (2016) 

Two stand-alone articles by Frank Lehrbass and Valentin Weinhold on Russian risk-taking and by J. Paul Dunne and Ron P. Smith on the top-100 firms in the global arms industry are followed by a three-article symposium on Greece and Turkey. The first of these, by Eftychia Nikolaidou, examines the role of military expenditure and arms imports in the Greek debt crisis; the second, by Christos Kollias, Suzanna-Maria Paleologou, and Andreas Stergiou, looks at the economic constraints on Greek military expenditure; and the third, by Gulden Ayman and Gulay Gunluk-Senesen, explores Turkey's security policies and expenditures during the reign of the AKP party. 

Table of Contents 

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


Welfare Reform at 20

Twenty years ago, welfare reform was signed into law. What have been the results? Well, it’s not the success many are claiming.

A strong and moral society ensures its members can meet their basic needs and give their children fair opportunities to flourish. That is impossible with today’s high levels of poverty.

Safety net programs at their best ensure that we can all weather unpredictable economies and changes in circumstances. The safety net ensures that people have food to eat and a place to sleep, but it also produces long-term gains in improved health, educational achievement, employment and earnings.


Find out how you can take action on this issue here:




Do you have a foreign policy alternative that should be heard in the halls of government? 
Citizens for Global Solutions Political Action Committee (Global Solutions PAC) works to elect federal candidates who support building effective democratic global institutions that will apply the rule of law while respecting the diversity and autonomy of national and local communities. 

To learn more about Global Solutions PAC, visit

To access the emailaddresses, phone and fax numbers, or websites of your elected officials in Congress, enter your zip code at




If you would like to post an EPS flyer on a departmental bulletin board or similar venue, 
please contact Thea Harvey at 




Upcoming Events

·         November 14, 2016 Economists for Peace & Security Symposium: Policy Challenges for the New US President will be held at the Hyatt Regency Washington on Capitol Hill.

More information available here:

·         January 3 – 6, 2017 The Western Economic Association International 13th International Conference will be held in Santiago, Chile.

More Information available here:

·         January 6 – 8, 2017 The 2017 ASSA/AEA Annual Meetings will take place in Chicago, IL.

More information available here:

·         February 23 – 27, 2017 The 43rd Annual Eastern Economics Association Conference will be held in New York, New York at the Sheraton Times Square.

More information available here:

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

More information available here:




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, you will help to ensure that reasoned perspectives on essential economic issues continue to be heard. Membership dues and other donations are fully tax-deductible. 

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