News & Events

EPS at The AEA

EPS organized two sessions and held our annual dinner at the 2016 ASSA/AEA Annual Meetings.

Sessions:

The Crisis of Austerity
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
Panel Moderator: Richard Kaufman - Bethesda Research Institute 
Linda Bilmes - Harvard University 
Richard Holt - Southern Oregon University
Ron Unz - The Unz Review
Daniel Ellsberg - Nuclear Age Peace Foundation 

This year our dinner honored
Daniel Ellsberg.
January 4th, 2016
6:30pm - 10pm

Audio and video of our sessions and dinner can be found here.

Bernard L. Schwartz Symposium:
Inequality, Austerity, Jobs and Growth

November 18, 2015
Hyatt Regency
Washington on Capitol Hill

Schedule of Events:

Keynote:
Sarah Bloom Raskin,
US Treasury Department

Session One – Jobs, Growth, Wages and Inequality: What’s The Agenda?Chair: Allen Sinai, Decision Economics
James Galbraith, Economists for Peace & Security
Stephen Rose,
George Washington Institute of Public Policy
Heather Boushey, Washington Center for Equitable Growth
Teresa Ghilarducci, New School University

Session Two – Austerity and Global Finance: Cure or Poison?
Chair: Mike Lind
Stephanie Kelton,  Chief Economist, Senate Budget Minority
Mike Konczal, Roosevelt Institute
Josh Bivens, Economic Policy Institute
Jeffrey Sommers, University of Wisconsin

Session Three:  Global Security and Economics: Dangers and Hopes
Chair: Richard Kaufman, Bethesda Research Institute
Cyrus Bina, Economists for Peace & Security
Steve Clemons, The Atlantic
Heather Hurlburt, New America Foundation
Bill Hartung, The Center for International Policy

More Information available here.

Economists for Peace and Security works to promote non-military solutions to world challenges, and more broadly to work towards freedom from fear and want for all.

 Douglass C. North
November 5, 1920 - November 23, 2015

Maverick Economist and Nobel Laureate, Dies at 95

Douglass C. North became known for challenging traditional methods of economic analysis.

A Nobel laureate whose work in applying economic theory to history offered a new understanding of how societies coordinate people’s behavior, died on Monday at his home in Benzonia, Mich. He was 95.

The son of a high school dropout, Professor North traced an unlikely path to academic renown and the halls of government in China, Latin America, Eastern Europe and elsewhere, where he was a sought-after consultant.

In academia, where his teaching career spanned seven decades, and in his many books and articles as an economics historian, he became known for challenging traditional methods of economic analysis, in which markets hold sway, finding that they often fell short of explaining long-term economic growth.
In casting his net wider, he took into account, among other things, the economic impact of social and political institutions, of laws and customs regarding property rights, and of religious beliefs and human cognition.

He hypothesized, for example, that when various economic groups — farmers or bankers or railroad companies — find that institutions inhibit them from making bigger profits, they will come together to change the institutions.

“North’s genius is figuring out what question to ask next, which often comes as an answer to the question ‘What can’t I explain with my current conceptual framework?’” John Joseph Wallis, a professor of economics at the University of Maryland and a North protégé and collaborator, wrote in a paper he delivered in celebration of Professor North’s 90th birthday. “To do this requires a very unusual combination of humility and confidence.”

While at the University of Washington, in Seattle, where he taught for 33 years, Professor North helped found a branch of inquiry called cliometrics, named for the muse of history, Clio, after he and others had concluded that traditional market-oriented economics faltered in measuring some aspects of economic performance quantitatively.

Professor North contended that traditional economics did not fully recognize that markets are embedded in institutions, which evolve slowly and can be understood only by studying the cultural phenomena behind them.

Read the full Obituary here.