Economic warfare: lessons from history, with Mark Harrison

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  Economic warfare may be rattling the global economy today, shocking markets and jolting investors.

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  But if you look back at history, there are many, many precedents.

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  It 's not new for governments to weaponize economic flows to coerce their trading partners to act,

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  or for trade to become a tool of conflict, just like guns and bombs.

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  But does economic warfare work?

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  Do sanctions, tariffs, embargoes, blockades help countries to achieve their aims?

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  Today I'm asking an economic historian who lists his research interests as fighting,

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  cheating, stealing, lying and spying.

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  Does economic warfare work?

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  This is The Economics Show with Samaya Keynes.

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  I'm joined today by Mark Harrison, author of the book Economic Warfare and Sanctions Since 1688,

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  which is co-authored with Stephen Broadbree.

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  And he is speaking to me from Coventry.

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  And I should also just add here that Mark is someone I had multiple conversations

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  with as I was writing my forthcoming book, How to Win a Trade War.

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  And so I'm just super, super pleased that I get to do a deep dive with him this week.

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  Mark, hello.

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  Hi, nice to be here.

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  We always start with a silly question on this show where the answer has to be on a scale of one to 10.

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  So on that scale.

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