Feb 25, 2016
Peter T. Leeson is
Duncan Black Professor of Economics and Law at George Mason
He is also
a Senior Fellow at the F.A. Hayek Program for the Advanced
Study of Philosophy, Politics, and Economics as well as the North
American Editor of Public Choice.
is author of The Invisible Hook: The Hidden Economics of
Pirates and Anarchy Unbound: Why
Self-Governance Works Better Than You Think.
this episode you will learn:
- why Peter decided to
study the economics of
- the similarities between
The Invisible Hand and The
- how pirates were
rational thinkers and social
- how the
Pirate Code created a social order that was
economically beneficial to the crew.
- why unemployed
sailors became buccaneers and pirates.
signalling effect of the Jolly Roger flag
and why pirates used it as they approached a merchant