June 20, 2019
Economists for Peace and Security (EPS) and the Center for Economic and Policy Research (CEPR)
Rayburn House Office Building, Room 2253
45 Independence Ave SW, Washington, DC 20515
Jeffrey Sachs, Professor of Economics and Director of the Center for Sustainable Development at Columbia University
Linda Bilmes, Daniel Patrick Moynihan Senior Lecturer in Public Policy at the Harvard Kennedy SchoolMark Weisbrot, Co-Director, Center for Economic and Policy Research (CEPR)
Economic sanctions that harm civilian populations can cause more deaths and casualties than some wars and are illegal under international laws and treaties which the US has signed.
This session will explore the use of sanctions as a form of warfare that heavily targets the civilian population, and their economic and human cost. Professor Linda Bilmes will provide context for the United States government’s failure to properly quantify the costs of conflicts in the past, as well as how such measurement can take place in the future. Professor Sachs and Dr. Weisbrot will focus on the sanctions in Iran and Venezuela, their impact, rationale, legality, and alternatives.
EPS is an organization of economists, social scientists from other fields, and citizens concerned about issues of peace, conflict, war, and the world economy. EPS' Board of Trustees includes Robert Reich, Stephanie Kelton, James K. Galbraith, and nine Nobel laureates, including Joseph Stiglitz, Robert Solow, Oscar Arias, and Amartya Sen.