Prof. Pavlina Tcherneva's article “On-the-spot Employment: Keynes’s Approach to Full Employment and Economic Transformation” has been chosen by the editors of Review of Social Economy for the Potter Award, the prize for the best article published in that journal this year. In fall 2013, the Levy Economics Institute launches a Masters program in economics that includes a 3+2 program for Bard economics majors. An article "Could accruals predict R square?" co-authored by Prof. Alex Chung with Rong Qi and Thom Thurston, was published in the International Research Journal of Applied Finance, Vol III Issue 8, August 2012 An article "Europe's Highway to Hell" by Prof. Dimitri Papadimitriou appeared in the Nation in August 2012. Prof. Ani Mitra and Prof. Pavlina Tcherneva join the economics faculty in Fall 2012.