The Effectiveness and Ethics of Economic Sanctions

By: Marcus BoomenCagle Cartoon


Economic sanctions are an important feature of the modern economic, political and social landscape, lauded as the humanitarian alternative to war, with over 500 cases of sanctions being implemented in the 1990’s alone. They are implemented with the stated intention of altering a targeted state’s behaviour, to elicit conformity with international ethical norms. An analysis of the effectiveness and ethics of economic sanctions reveals they have been a resounding failure. The only focus of academic debate remaining is centred on exactly how ineffective economic sanctions are.

Data and theory


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Episode 3 of our financial ethics video training series is out!

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Episode 3: Issue Spotting and Problem Solving

The third episode of the financial ethics video training series produced by Seven Pillars Institute shows how to use the principle of fiduciary duty to spot ethical issues.

In Episode 1 we learnt financial ethics is a tool to help us become better professionals. Learning to apply ethics in finance helps us issue spot and problem solve, not unlike learning how to pick a good stock (use fundamental analysis), or how to choose a profitable project (use discounted cash flow). Similarly, we need


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Moral Cents

Financial EthicsMoral Cents is The Journal of Ethics in Finance, produced on a regular basis by the Seven Pillars Institute for Global Finance and Ethics. Click HERE to see the latest issues and read them in full.

Seven Pillars Institute for Global Finance and Ethics (SPI) and the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London have a collaborative affiliation in their work on ethics, law, and regulation in finance. The goal of the collaboration is to foster a dialogue on important ethical policy issues affecting the financial services industry.

Read the Collaboration Announcement

Seven Pillars Institute for Global Finance and Ethics and IntegTree LLC have a collaborative affiliation. The two organizations plan to create online training programs in financial ethics and compliance management. The Programs will help financial institutions improve conformity with the law while also fostering ethical awareness.

Read the collaboration announcement.