Journal of Economic Literature
Book Reviews
2026-09-01
Gary Clyde Hufbauer of Peterson Institute for International Economics reviews “Economic Sanctions: International Policy and Political Economy at Work” by Robert Eyler,. The EconLit Abstract of the reviewed work begins “Develops an open economy macroeconomic model of international economic sanctions, and reviews game and public choice theories of economic coercion. Discusses the choice to sanction or not to sanction; basic sanction analysis; sanction initiation and continuance--the entrance of game theory; public choice theory and smart sanctions; open economy macroeconomics and sanctions; mathematical derivations of the new open economy macroeconomics sanctions model; and empirical analyses of sanction effectiveness. Eyler is Associate Professor and Chair of Economics at Sonoma State University. Bibliography; index.”