The Economics of Sanctions: Half Measures, Tit-for-Tat Strategies, and Why North Korea is Not Iran

On September 9th, 2016, North Korea conducted what South Korean and Japanese estimates called its biggest nuclear test to date, with a nuclear yield equivalent to approximately 10 kilotons of TNT (the bomb dropped by the U.S. on Hiroshima had a yield of about 15 kilotons). The international community, including the United States, was quick […]

Continue reading