OPINION | Sanctions test faith in the power of economics [By Noah Feldman] READ:
THE European-American response to Russia’s invasion of Ukraine represents a watershed in the contemporary understanding of how nation-states behave and what motivates their leaders to act. It pits two leading theories of international affairs against each other. The diThe post-Cold War belief prevalent especially in Western Europe is that states and leaders are motivated by rational economic self-interest.
The divergence between the worldviews comes down to their answers to whether states and leaders can be sufciently motivated by economic pressure alone to give up on a war of invasion that they otherwise would choose to pursue. And both sides know that, for the time being at least, Germany is dependent on Russian gas, oil, and coal for its energy needs. That means even economic pressure cannot be total.
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