August 22, 2016
Friends of EPS,
more than 20 years in the chair of EPS, I have decided that
this is the right moment for me to retire.
the great privilege of succeeding Ken Arrow and Larry Klein,
founding co-chairs of the organization that became Economists
for Peace and Security, alongside Jim Tobin, Bob Solow, Amartya
Sen, Joe Stiglitz, Barbara Bergmann, and so many others who
have lent their names and their help.
had the honor of working closely with my friends Richard
Kaufman and Mike Intriligator, with
the entire EPS board including our secretary Lucy Webster and
our Treasurer, Kathleen Stephansen,
and with dedicated directors, most especially our stalwart and
talented Thea Harvey-Barratt. I've had the generous backing of
Bernard Schwartz, and the steady assistance of the Levy
Institute. For all of this, I am honored and grateful.
my time as Chair, EPS has grown in members, stature and
reputation, with a settled and effective rhythm of professional
activity, including our sessions and dinner at the annual ASSA
conference, our Washington symposium, our newsletter and
journal. We have become a professional non-profit organization
and we have been financially stable. When we did run into
financial difficulties, loyal friends stepped up to help. It's
been a deep and wonderful experience.
Kaufman, our Vice Chair, has agreed to serve as Interim Chair
effective immediately through the end of the year. He will
guide the work of EPS during the next six months, in
conjunction of course with Thea and the Board. I will remain on
the Board until the next Board/Fellows meeting in January 2017,
at which time I will step down. Richard also plans to step down
at that time.
EPS thus faces three new challenges: to find a new leader, to
expand our financial base, and if possible to find an enduring
institutional partner or protective alliance. We do have
several promising possibilities in view, in each of these
areas. I have reported on these to the Board. To bring them to
fruition, I have designated a transitional committee,
consisting of myself as chair, along with David Colt and
Kathleen Stephansen. We will pursue
this work and present the Board with recommendations by the end
of the year.
hope and trust that the Board, Trustees, Fellows and Members of
EPS will come together now to ensure that EPS continues its
work and has the bright future that it deserves.