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Economic Rockstar

Feb 25, 2016

Peter T. Leeson is Duncan Black Professor of Economics and Law at George Mason University.

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.

Peter is author of The Invisible Hook: The Hidden Economics of Pirates and Anarchy Unbound: Why Self-Governance Works Better Than You Think.

In this episode you will learn:

  • why Peter decided to study the economics of pirates.
  • the similarities between The Invisible Hand and The Invisible Hook.
  • how pirates were rational thinkers and social revolutionaries.
  • how the Pirate Code created a social order that was economically beneficial to the crew.
  • why unemployed sailors became buccaneers and pirates.
  • the signalling effect of the Jolly Roger flag and why pirates used it as they approached a merchant ship.
  • and much much more.