NewsNotes - June 2009

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“All too often arrogance accompanies strength, and we must never assume that justice is on the side of the strong. The use of power must always be accompanied by moral choice.”

—Theodore Bikel

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The Faculty of Economics and Business of the University of Amsterdam and the Flemish/Dutch chapter of Economists for Peace and Security (EPS) are honoured to announce the winners of the 2008 Issac Roet Prize. EPS congratulates Ms. Marijke Geerts, Universidad Torcuato Di Tella,  Buenos Aires, Argentina and Mr. Paul Duffill, The University of Sydney, Australia for their winning essays. The topic of this seventh edition of the Prize was Resource Access and World Peace: Policies to Promote Global Stability in View of Growing Scarcity of Non-renewable Natural Resources.

The members of the jury of the 2008 Isaac Roet Prize are:

  • Jurgen Brauer, Director of EPS and professor at Augusta State University;
  • James K. Galbraith, Director of EPS and professor at University of Texas;
  • Cor A.J. Herkströter, professor at University of Amsterdam and former CEO of the Royal Dutch/Shell Group of Companies;
  • Henk Jager, professor at University of Amsterdam;
  • Haim Roet, Secretary-General of the Israeli Foundation for Quality Management;
  • Joseph E. Stiglitz, Professor at Columbia University, Nobel Laureate and Trustee of EPS.

The prize of Euro 5,000 will be shared by the two winners. More information about the prize and judging can be found at http://www.epseu.org/isaacroetprize/competition2008.html


The Global Peace Index 2009 was released in early June. The report this year includes research and analyses from EPS on the economic value of peace (starting on page 30 of the discussion paper). In this, its third year of publication, the Index reports New Zealand and the Scandanvian countries again rank as the most peaceful nations and Iraq and Sudan are at the bottom of the list.



On May 19, the Schwartz Center for Economic Policy Analysis hosted a conference on Economic Recovery – Is It Time For a Mid-Course Correction? Among the presenters were EPS board members Allen Sinai and Jeff Madrick, and EPS fellows Bill Black and Teresa Ghilarducci.

Program and transcripts are at http://www.newschool.edu/cepa/events/archive/archive_09Spring.html. (Scroll down to the second event on the page.)


Volume 4, No. 1 of the Economics of Peace and Security Journal is now available online. Non-subscribers can access the abstracts and contents pages. This issue contains symposia on defense innovation and the economics of conflict with contributions by:

  • Renaud Bellais on defense innovation and venture capital
  • Sylvain Daffix and Yves Jacquin on European defense R&D and national R&D systems
  • Peter Hall and Andrew James on industry structure and innovation in the British defense sector
  • Philip Verwimp introduces the symposium articles
  • S. Mansoob Murshed on greed, grievance, and social contract
  • M. Zulfan Tadjoeddin and Anis Chowdhury on violence in Indonesia
  • Ana María Ibáñez on forced displacement in Colombia
  • Steven Spittaels and Filip Hilgert on conflict mapping in the Congo

And articles by:

  • Christopher E.S. Warburton on war and exchange rate valuation
  • Steve Chan on the democratic peace proposition
  • Steve Townsend on Thomas Friedman’s First Law of Petropolitics
  • Ronen Bar-El, Kobi Kagan, and Asher Tishler on military planning

EPS members receive a 25% discount on the annual subscription to the Economics of Peace and Security Journal. Regular one-year subscriptions are $40 per year; for EPS members the one-year subscription is $30.

The Journal is a peer-reviewed online publication hosted by EPS-UK. Published twice yearly, it raises and debates all issues related to the political economy of personal, communal, national, international, and global peace and security. Past contributors have included Joseph Stiglitz, James Galbraith, and Lawrence Klein. The Journal’s website also includes book reviews submitted by members and subscribers.

For more information about the Journal or to subscribe, visit http://www.epsjournal.org.uk/.

To become a member of EPS (and to qualify for the subscription discount) visit http://www.epsusa.org/membership/membership.htm.

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Peace Economics, Peace Science and Public Policy publishes innovative methods and analyses focusing on a central question: Can social scientists understand the causes of peace and how to promote it? Published articles address this question in the context of broad, global issues, and as specific policies and case studies related to conflict resolution and analysis. The journal is edited by Walter Isard, Professor of Economics and Regional Science at Cornell University, a founding father of the peace studies discipline.

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In Other News

The Spring 2009 issue of the Peace and Conflict Review, a publication of the UN's University for Peace, reflects a growing dialogue between theorists and practitioners, addressing philosophical issues of methodology and socio-political analysis as well as practical ways for protecting human rights and facilitating sustainable and equitable development.

Articles in this issue include:

  • What is a Truth Commission and Why Does it Matter? Eric Brahm
  • Corporate Complicity in International Human Rights Violations: The Tort of Negligence as a Civil Remedy in Canadian Courts Craig A. Brannagan
  • Information and Communication Technology (ICT), Gender, and Peacebuilding in Africa: A Case of Missed Connections Shastry Njeru
  • War on Drugs and War on Terror: The Case of Afghanistan Daniela Corti and Ashok Swain
Bullet Call for papers: The Network for the Economic Analysis of Terrorism (NEAT) is currently accepting the submission of papers for its fourth workshop, which will be held in Brussels at the European Commission on Monday, October 19, 2009. Papers that evaluate policies or contribute to the measurement of terrorism will receive special consideration, but all papers relevant to the economics of security will be eligible. To download the call, please visit http://www.economics-of-security.eu/sites/default/files/NEAT_WS4_Call_for_Papers_0.pdf.

Call for papers: The World Economy in Crisis - the Return of Keynesianism? conference to be held in Berlin, October 30 – 31, 2009 organized by the Research Network Macroeconomics and Macroeconomic Policies (FMM). The submission of papers in the following areas is encouraged: Global imbalances and the current crisis; financial crisis, real crisis and the risks of depression and deflation; paradigm shift in macroeconomics - the return of Keynesianism?; economic policy reactions and the future relationship between the market and the state; regulation of the financial sector from a Keynesian perspective; and perspectives for a Keynesian New Deal. For the open part of the conference, the submission of papers on the general subject of the Research Network is encouraged as well. They also ask for the submission of papers for graduate student sessions, on the specific subject of this conference or on the general subject of the Research Network. Conference language is English. Selected papers will be published after the conference. The deadline for paper proposals is June 30, 2009.

Please send an abstract (one page) to Susanne Stöger (susanne-stoeger@boeckler.de).


Call for papers: Eurasian Peace Science Conference, January 8 – 9, 2010 at Koc University, Istanbul, Turkey. The Conference's goal is to broaden cooperation among Eurasian and Middle Eastern peace science scholars and seeks to bring together research on conflict and peace-related topics from throughout the world.

All aspects of the peace science field are welcome including in particular: (a) empirical studies of political violence and peaceful resolution, (b) quantitative and formal analyses of conflict and peace processes, (c) peace science methodology and theory, (d) alliances, investment, trade, and conflict, (e) economic and political causes of war and terrorism, (f) contemporary regional conflicts in Eurasia and Middle East, (g) security and foreign policy, and (h) conflict analysis and management.

All submissions with tentative titles, abstracts (150-300 words) and contact information for authors should be sent to Eurasiaps@ku.edu.tr. All submissions before July 15, 2009 will be considered for the conference. Proposals after that date will only be considered if there are presentation slots available.

Bullet Request for submissions: Peace Economics, Peace Science and Public Policy, a journal founded by Walter Isard and published by Bepress, is launching a new policy. In order to improve scientific communication within the field of Peace Science and Peace Economics, PEPS will publish “Letters” to provide accounts of new original research. Letters will not normally exceed 2,000 words in length, exclusive of equations, graphs, and figures. Letters can be either theoretical or applied, and will be subject to the peer-review process. In order to make a decision in a short time, reviewers will be asked to give only an “accept/reject” evaluation. Only minor revisions will be allowed.

For more information, please visit www.bepress.com/peps

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Funding and Employment Opportunities

Fulbright Scholar Program for US Faculty and Professionals for 20102011 is open. The Fulbright Scholar Program offers 105 awards in lecturing, research or combined lecturing/research in economics, including seven Fulbright Distinguished Chairs and the Middle East and North Africa Regional Research Program.  Faculty and professionals in economics also can apply for one of the 144/All Discipline awards open to all fields.

The application deadline is August 1, 2009.  US citizenship is required.  For a full listing of all Fulbright programs and other eligibility requirements, please visit our website at www.cies.org or send a request for materials to title=mailto:scholars@cies.iie.org>scholars@cies.iie.org. For a detailed listing of Fulbright opportunities in economics, please consult our website at:< http://www.cies.org/award_book/award2010/discipline/ECON18.htm

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EPS Publications and Resources

The Financial Crisis, the US Economy, and International Security in the New Administration was held at the Schwartz Center for Economic Policy Analysis, New School University, New York, New York on Friday, November 14, 2008. The conference was organized by Economists for Peace and Security, the Charles Leopold Mayer Foundation Initiative for Re-thinking the Economy, and the Levy Economics Institute of Bard College. To see the video and transcripts from the conference visit http://www.epsusa.org/events/08conf/program.htm.

The Initiative for Re-thinking the Economy also has a webpage devoted the conference at http://www2.i-r-e.org/spip.php?article51.


Space, Security and the Economy, a report on the Bush Administration’s outer space policy, warns that the present policy of space dominance could transform outer space into a military battleground.

Official US policy asserts the right to deny any nation access to space if its actions are “perceived” to be hostile. This policy, together with other actions such as withdrawal from the ABM treaty and the ongoing development of weapons intended to attack objects in space, could lead to the deployment of weapons in space. If the US stations weapons in space other nations are likely to do the same, and we will be faced with an arms race in space.

The report concludes that no one can prevail, and all stand to lose, in an arms race in space. Among other consequences would be negative effects on the growing scientific and commercial uses of space, and on the economy. In particular, private investors would be unlikely to place additional resources at risk in a vulnerable area of potential military conflict.

The report calls for changes in the policy of space dominance, greater transparency in military space spending, and detailed information about government and commercial space activities.

To view a PDF of the report, visit http://www.epsusa.org/publications/papers/spacesecurity.pdf.

To request a hard copy, please email Thea Harvey theaharvey@epsusa.org.

Read YubaNet’s blog about the report: http://yubanet.com/usa/Report-Economic-Impact-of-Arms-Race-in-Space.php.

Bullet Proceedings from the EPS conference War and Poverty, Peace and Prosperity, held May 30 – June 1, 2007 in Annandale-on-Hudson, NY, are available in hard copy or PDF. Audio and transcripts of each session are also posted on our website. To request a hard copy, please email Thea Harvey at theaharvey@epsusa.org.

“Arms, War and Terrorism in the Global Economy Today: Economic Analyses and Civilian Alternatives” is a volume published by Bremer Schriften zur Konversion. It presents papers of two joint seminars of EPS and the European Association for Evolutionary Political Economy (EAEPE), which took place in Rethymon, Crete, Greece, as well as papers from the 2004 Second International Conference on Defense, Security, and Economic Development held in Larissa, Greece.

Contributing authors include Michael Intriligator, Fannie Coulomb, Jacques Fontanel, Jurgen Brauer, Gulay Gunluk-Senesen, J. Paul Dunne, Luc Mampaey, Claude Serfati, Christos Kollias, Clark Abt, and Lucy Law Webster, as well as many other notable economists.

The book is available from the publishers, LIT Verlag, for €24.90 at http://www.lit-verlag.de/isbn/3-8258-0045-1.


Fact Sheets: Periodically, we release two-sided fact sheets designed to give an accessible, graphic look at one specific issue of concern to our members and constituency.

Global Arms Trade 2004 examines the world’s supplies of conventional weapons and small arms. http://www.epsusa.org/publications/factsheets/globalarmstrade.pdf.

Military vs. Social Spending: Warfare or Human Welfare compares US and global military spending with the costs of achieving the UN Millennium Development Goals. http://www.epsusa.org/publications/factsheets/milexMDG.pdf.


Conflict or Development? This book has a regional focus on Africa, the site of most of the world’s current armed conflicts. In its pages, some of the leading economists of the day analyze and reflect on the relationships among military spending, domestic and foreign policy, security, and human welfare. Features include country studies, sections on business and conflict, and “Trends in World Military Expenditure.” Written in a general-interest style, with informative maps, tables, and graphs, the series is designed to inform the debate among policymakers, activists, journalists, academics, students, and citizens worldwide.

You can order Conflict or Development by emailing theaharvey@epsusa.org.

Conflict or Development is also a valuable resource in teaching economics, political science, and international relations courses. To review a copy for use in your syllabus, email Thea Harvey at mailto:%20theaharvey@epsusa.org.

Bullet The Full Cost of Ballistic Missile Defense. This study estimates that the total life cycle cost for a layered missile defense system could reach $1.2 trillion through 2035. You can download the PDF file from http://www.epsusa.org/publications/papers/bmd/bmd.pdf, or order a copy of the report from the cosponsor of the study at http://www.armscontrolcenter.org/nmd/fullcost.html.

Data Resource webpage offers links to data sources for:

  • International military expenditure and conflict indicators
  • US military expenditure and capabilities
  • Western Europe
  • Russia

http://www.epsusa.org/network/data.htm. If you know of a data source that you feel should be added to our list, please contact Thea Harvey at mailto:theaharvey@epsusa.org.

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Action Corner

EPS members are invited to the Green Economist Directory.

Never has there been a greater need for innovative thinking about economics and the environment. Economics for Equity and the Environment Network (E3) is looking to engage more economists who subscribe to a vision of an engaged, practical economics, in which an understanding of social equity and environmental protection cannot be separated.

The goal of E3 Network is to develop new applied arguments for environmental protection and to involve our economists more actively in public policy. Our economists engage in innovative research, publish in top journals and newspapers, testify before Congress, participate in press conferences, and consult with decision makers and NGOs on either a fee or pro bono basis.

If you are interested in joining over a hundred other economists across the country in these efforts, please sign up for the Green Economist Directory at www.e3network.org/gdreg.php. Signing up doesn’t commit you to anything and your contact information will never be shared with anyone without your permission. Any questions, please contact Kristen Sheeran, E3 Director, at director@e3network.org.

For more information about E3’s programs for economists and graduate students, please visit our website at http://www.e3network.org/.


Want to get the word out on the topic that matters most to you? With a letter to your local paper, you can help bring your message not only to your neighbors, but directly to the offices of your Members of Congress as well, where staffers and our lawmakers themselves follow opinions from home with an especially watchful eye.

The ACLU has a tool that helps write and send letters to local papers. Available are a list of media outlets by state, tips on how to write a letter in your own words, plus talking points for the listed topics.


Bullet Do you have a foreign policy alternative that should be heard in the halls of government? Citizens for Global Solutions provides an easy-to-use tool to find the foreign policy staffer for your Member of Congress. Click here to access the Foreign Policy Staffer Locator: http://globalsolutions.org/hill/fpstaff.
Bullet If you would like to post an EPS flyer on a departmental bulletin board or similar venue, please contact Thea Harvey at mailto:%20theaharvey@epsusa.org.
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Upcoming Events
Bullet June 24 – 26, 2009. The 13th Annual International Conference on Economics and Security will take place at CITY College in Thessaloniki, Greece, sponsored by EPS-UK; EPS-Greece; the Business Administration and Economics Department, CITY College, an affiliated institution of the University of Sheffield; the University of the West of England; and SEERC (South East European Research Centre). The conference will have plenary sessions with keynote speakers, plus specialist workshop streams. http://www.city.academic.gr/special/events/economics_and_security09/index.html.
Bullet June 24 – 26, 2009. Technology and Economic Development Conference, 3rd International Conference on Innovation, Technology and Knowledge Economics in Ankara, Turkey, hosted by METU-TEKPOL, Science and Technology Policies Research Center, Middle East Technical University (METU). For application and submission details, and for further information, please refer to: http://conf09.metu.edu.tr/.
Bullet June 29 – July 1, 2009. Jan Tinbergen European Peace Science Conference in Amsterdam, the Netherlands. Fee is 50 Euros. Email NEPSconference@gmail.com for more information.

July 9, 2009. Modeling Social Conflict 10:00am to 4:00pm, at the London School of Economics. Gordon Burt will run a workshop showing how modeling in various academic disciplines can give an insight into social conflict. A 300-page monograph, Lecture Notes on Conflict, Complexity and Mathematical Social Science, supports the seminar.

For further information on the workshop and on the monograph, see: http://kn.open.ac.uk/public/document.cfm?docid=12158


July 10 – 12, 2009. New Directions for International Relations, a conference at the Lauder School of Government, Diplomacy and Strategy at IDC-Herzliya, Israel. Topics include: Behavioral Approaches to International Relations; Rational Choice and International Relations; Quantitative and Formal Analysis of Conflict and Conflict Resolution; Negotiations and Mediation in International Conflicts; Methodological Innovations in IR; and a special panel on Conflict Resolution in the Middle East: Bridging the Gap between Academia and Practice.

Bullet July 23 – 25. 2009. European Peace Architecture: Integration, Cooperation and Engagement, the 6th EuPRA bi-annual Congress, will take place in Tirana, Albania. The conference is sponsored by the European Peace Research Association (EuPRA), the European affiliate of International Peace Research Association (IPRA) in cooperation with Faculty of Social Sciences, European University of Tirana, Albania. For more information email eupra2009@gmail.com.
Bullet July 26 – 31, 2009. Economic Crisis, War and the Rise of the State, Cato University 2009 in San Diego, California. More information at Allison Horton at http://www.cato-university.org/.

August 7 – 10, 2009. 7th General Conference of Mayors for Peace in Nagasaki, Japan. Registration and travel information at https://apollon.nta.co.jp/peace07e/.

Bullet September 7 – 9, 2009. Conflict and Complexity II: an international interdisciplinary conference University of Kent, Canterbury, UK. More information at http://kn.open.ac.uk/public/getfile.cfm?documentfileid=15245.
Bullet October 19, 2009. The Network for the Economic Analysis of Terrorism (NEAT) sponsors its fourth workshop in Brussels, Belgium. Papers that evaluate policies, contribute to the measurement of terrorism, and address aspects of the economics of security will be presented. Call for papers at http://www.economics-of-security.eu/sites/default/files/NEAT_WS4_Call_for_Papers_0.pdf
Bullet November 6 – 8, 2009. European Association for Evolutionary and Political Economy (EAPEE) will hold its annual conference in Amsterdam, Netherlands. The theme of this year's conference is Institutional Solutions for Economic Recovery. More information at http://eaepe.org/.
Bullet January 8 – 10, 2010. An international Meeting on Conflict Management, Peace Economics and Peace Science will be held at Indira Gandhi National Open University, New Delhi, India. If interested in participating please contact Manas Chatterji, mchatter@binghamton.edu, as soon as possible.
Bullet January 8 – 9, 2010. Eurasian Peace Science Conference at Koc University, Istanbul, Turkey. The Conference's goal is to broaden cooperation among Eurasian and Middle Eastern peace science scholars, bringing together research on conflict and peace-related topics from throughout the world.

For more information, please email Eurasiaps@ku.edu.tr.

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How Can I Help?
Bullet Become a member of EPS. Your annual membership entitles you to discounts on publications, invitations to events, our informative newsletters, and more. Most importantly, by joining us you help to ensure that reasoned perspectives on essential economic issues will continue to be heard. Membership dues and other donations are fully tax-deductible. Visit http://www.epsusa.org/membership/membership.htm for more information.

If you have enjoyed this issue of EPS NewsNotes, or if you wish to support our mission, please consider donating to EPS. You can do so securely online through our website or by sending a check to:

Economists for Peace and Security
at the Levy Economics Institute
Box 5000
Annandale on Hudson, NY 12504

Questions? Call (845) 758-0917, or email mailto:%20info@epsusa.org.

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