Abstract
ject of economic sanctions would involve a survey of the historical and legal aspects of the subject. Such a survey I must leave to competent scholars, hoping that they will furnish a background to the more modest contribution of a layman in the field of contemporary policy; for political action, though urgently requiring the guidance of experts, is not actually controlled by them, but by dominant public opinion. It is therefore pertinent to inquire how the layman, how the business man, accustomed to empirical processes in the determination of his opinions and conduct, and guided largely by the reaction of his feelings to this experience, feels about this question of economic sanctions as instruments of national policy. The phrase of national policy is, if I am not mistaken, the invention of the framers of the KelloggBriand Pact. The reference to war as such an instrument implies the alternative use of other instruments for the service of national aims. What are those instruments? The answer to
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