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On November 16, 1985, the RAND Graduate Institute held its fifth commencement exercises in Santa Monica, California. This paper contains the commencement address given by Thomas C. Schelling, the Lucius N. Littauer Professor of Political Economy at Harvard University, as well as remarks made at the exercises by the three recipients of the Institute’s honorary doctoral degree, William R. Hewlett, Charles J. Hitch, and Edwin E. Huddleson, Jr.; by RAND’s President, Donald B. Rice; and by the RAND Graduate Institute’s Dean, Charles Wolf, Jr.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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