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The Economics Show

Economic warfare: lessons from history, with Mark Harrison

26 min2 april 2026

Warring countries have attacked each other’s economies for hundreds of years. But do the tools of economic warfare – sanctions, tariffs, blockades and embargoes – actually work? Soumaya speaks to Mark Harrison, emeritus professor of economics at Warwick university, and co-editor (with Stephen Broadberry) of Economic Warfare and Sanctions since 1688, about what centuries of economic conflict can teach us about Iran (and Russia) today.


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Further reading: 


Which chokepoint wins in a game of geoeconomic Top Trumps?


Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music by Breen Turner and sound design by Sean McGarrity. The FT head of audio is Cheryl Brumley.


Read a transcript of this episode on FT.com

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