We argue that economic collapses can result from the adoption by political actors of strategies that generate severe negative economic externalities for society. We establish the conditions for political conflict to become economically destructive and develop a diagnostics toolkit to identify...

This article reviews recent advances in addressing empirical identification issues in cross-country and country-level studies and their implications for the identification of the effectiveness and consequences of economic sanctions. I argue that, given the difficulties in assessing causal...

Venezuela has suffered three economic catastrophes since independence: one each in the nineteenth, twentieth, and twenty-first centuries. Prominent explanations for this trilogy point to the interaction of class conflict and resource dependence. We turn attention to intra-class conflict, arguing...