Economists for Peace and Security

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Economists for Peace and Security (EPS) is a New York-based, United Nations accredited and registered global organization and network of thought-leading economists, political scientists, and security experts founded in 1989 that promotes non-military solutions to world challenges, and more broadly, works towards freedom from fear and freedom from want for all.[1]

Since 1995 EPS has been registered with the United Nations Economic and Social Council and the United Nations Department of Public Information.[2] Since 2006 the UK branch of EPS publishes a peer reviewed journal, the Economists for Peace and Security Journal (EPSJ).[3]

In 1995 EPS was involved with criticism of the United States Navy in Vieques, Puerto Rico, producing several reports on the subject.

Notable trustees of EPS include Kenneth Arrow and Lawrence Klein (founding trustees); Amartya Sen, Robert Reich and Óscar Arias.[4] James K. Galbraith was named Chair of the Board of Directors in 1996.[2]

In June 2017, EPS co hosted a conference in Brussels on NATO and the future of the transatlantic defense partnership with the Royal Military Academy of Belgium, which emphasized discussion on the geostrategic changes and economic trends in global defense. Topics included regional security, economics of security, globalization and global security, economics of conflict and war, economics of the arms trade, arms races and alliances, and the economics of terrorism. [5][6]

History and background[edit]

Inspired by International Physicians for the Prevention of Nuclear War, it was founded in 1989 as Economists Against the Arms Race (ECAAR), before becoming Economists Allied for Arms Reduction (ECAAR) in 1993. It adopted its present name in 2005.[2] Stockbroker Robert J. Schwartz led its creation.[7][8]

Public figures and prominent members – Nobel laureates, heads of state, US Presidential Cabinet secretaries, ministers[edit]

The Economists for Peace and Security Board of Trustees has seventeen Nobel peace prize laureates in the prize for economics, including Joseph Stiglitz, Amartya Sen of Harvard University, Lawrence Klein, Óscar Arias, George Akerlof, Kenneth Arrow, Daniel McFadden, Roger Myerson, Thomas Schelling, William F. Sharpe of Stanford University, Robert Solow, Franco Modigliani of Massachusetts Institute of Technology, Sir Clive Granger, Wassily Leontief, Douglass North, Jan Tinbergen, and James Tobin of Harvard University and Yale University.[9]

Other notable trustees include Former US Secretary of Labor Robert Reich, Former Prime Minister of Greece George Papandreou, Former US Secretary of Defense Robert McNamara.[10]


  • ECAAR Review 2003: conflict or development?, Economists Allied for Arms Reduction, 2003, ISBN 0-9727838-0-6
  • Walter Isard, Charles H. Anderton (1992), Economics of arms reduction and the peace process: contributions from peace economics and peace science, North-Holland, ISBN 978-0-444-88848-8 - book jointly sponsored with the Peace Society


  1. ^ EPS Homepage
  2. ^ a b c EPS USA, History Archived 2009-04-14 at the Wayback Machine, accessed 1 March 2010
  3. ^ EPS Journal
  4. ^ EPS USA, Trustees Archived 2008-07-23 at the Wayback Machine, accessed 1 March 2010
  5. ^ "Economists for Peace & Security". Retrieved 2018-05-08.
  6. ^ "Conference-Jun-17". Retrieved 2018-05-08.
  7. ^ The New York Times, 19 May 2006, Robert Schwartz, 88, Broker and Promoter of Social Causes, Dies
  8. ^ Robert J. Schwartz (2002), Can you make a difference?: a memoir of a life for change, Lantern Books, ISBN 978-1-59056-032-7
  9. ^ EPS USA,Trustees
  10. ^ EPS USA, Trustees

External links[edit]