News & Events

EPS at The AEA

EPS will be organizing two sessions and holding 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 

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.

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.

Read the full article 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.

Bad Faith. Why Real Debt Relief Is Not On The Table For Greece

By EPS Chair James K. Galbraith, for Salon, June 18, 2015.

Readers of the financial press may be forgiven for thinking that the negotiations between Greece and Europe have one feckless partner — the new government of Greece — and one responsible partner, a common front of major governments and creditor institutions, high-minded in their pursuit of rational policies and the common European interest.

The view from Athens is different. On June 11, I attended the hearing of a Greek parliamentary commission investigating the Greek debt. Phillipe Legrain, former adviser to the then-EU President José Manuel Barroso, testified. Legrain is a technocrat, an economist, and a very reserved individual. He spoke in measured tones.

The original crime in the Greek affair, Legrain said, was committed in May 2010, when it became clear that the country was insolvent. At that time, the IMF staff was convinced that Greek debts must be restructured, and that debt relief was not only necessary but also just, given that reckless borrowers are always matched to reckless lenders, and that lenders are compensated, in part, for the risk of loss.

Read the full article here.