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The Invisible Hook:
The Hidden Economics of Pirates
Peter T. Leeson

Book Description | Table of Contents
Chapter 1 [HTML] or [PDF format]

ADDITIONAL REVIEWS:

"Peter T. Leeson has done his part to dispel the pirate myths by using economic theory to explain pirate behavior and organization in his exemplary new book. . . . Mr. Leeson has produced a fresh perspective on an old topic. . . . The Invisible Hook is quick-paced but thought-provoking. Based on this work, the reader should look forward to more books by the author."--Claude Berube, Washington Times

"Piracy has not been Leeson's only obsession. The other has been economics. When he was 17 years old he had supply and demand curves tattooed on his right bicep . . . now the professor has brought his two enthusiasms together in a wonderful (and wonderfully titled) new book. The Invisible Hook is his study of the hidden economics of piracy."--Daniel Finkelstein, Times

"One of the finest introductory courses in economics since Henry Hazlitt's Economics in One Lesson. . . . The Invisible Hook is a good addition to the genre of popular economics: a fun and enlightening read, and rock solid in its scholarly bona fides."--Michael Shermer, Nature

"From countless films and books we all know that, historically, pirates were criminally insane, traitorous thieves, torturers and terrorists. Anarchy was the rule, and the rule of law was nonexistent. Not so, dissents George Mason University economist Peter Leeson in his myth-busting book, The Invisible Hook, which shows how the unseen hand of economic exchange produces social cohesion even among pirates."--Michael Shermer, Scientific American

"Given the flurry of piracy off the Somali coast in 2009, this relatively short narrative could not be timelier. The Invisible Hook, a play on Adam Smith's famous 'invisible hand,' is an engaging, informative look at the economics of piracy and pirates."--Choice

"Peter Leeson, an economics professor at George Mason University, offers a fascinating perspective into the world of Blackbeard, 'Black Bart' Roberts and 'Calico Jack' Rackham in his highly readable book The Invisible Hook."--J. Peter Pham, San Francisco Chronicle

"An engaging and thorough portrait of high seas banditry that goes beyond the pop-culture stereotypes to argue that though often brutal and always mercenary, pirates were ahead of their time when it came to matters of economic fairness and progressive labor practices."--Kevin Canfield, Mother Jones

"[I]n The Invisible Hook, Peter Leeson deftly explodes piratical myths . . . . [The Invisible Hook] offers many colourful, meticulously researched insights into the behaviour of some of history's most colourful anti-heroes, and it will appeal to anyone with even passing interests in history, politics, sociology and/or economics."--Michelle Baddeley, Times Higher Education

"Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands."--Leon Gettler, The Age

"Leeson hangs the meat of his pirate tale on a sturdy skeleton of economics. . . . The Invisible Hook is a delightful read, thanks to Leeson's engaging writing. He reduces a veritable mountain of facts and history into an entertainingly educational experience."--Lewis Perdue, Barron's

"This engaging account is fun to read and full of humor, qualities not often associated with an explanation of economic theory. . . . This reviewer speculates that if more economic texts were written like this one, there would be a glut of economics majors to compensate for the shortage of pirates roaming the Atlantic."--Karl Helicher, Foreword Magazine

"Peter T. Leeson digs into the dollars and cents of piracy. He urges us to see pirates as economic actors, their behavior shaped by incentives, just like the rest of us. Once you're in an economic state of mind, you can begin to understand actions such as lighting one's beard on fire, voting, being decent to black people, and torturing captives 'for fun'--all equally nutty behaviors to the average 18th--century observer. When Leeson is done guiding you through the pirate world, life on a rogue ship starts to look less like a Carnival cruise with cutlasses and cannons and more like an ongoing condo association meeting at sea."--Katherine Mangu-Ward, Reason

"Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities."--Daniele Archibugi, Open Democracy

"Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational."--Roger K. Miller, Tampa Bay Tribune

"[Offers] not only a thumbnail history of piracy but important insights into the economic way of thinking. . . . Fascinating, entertaining and educational."--Alan W. Bock, Orange County Register

"[A]n eye-opener. . . . The Invisible Hook is a gripping read that sheds as much light on 21st century economics . . . as it does on 17th and 18th century piracy."--Ethical Corporation Magazine

"The book wittily demonstrates that economic theories and principles, if not the be-all and end-all, can illuminate notable historical trends."--Stephen Saunders, Canberra Times

ADDITIONAL ENDORSEMENTS:

"A fresh and provocative take on the Golden Age pirates. Leeson writes with clarity and the depth of his research is impressive."--Colin Woodard, author of The Republic of Pirates

"Peter Leeson has brought the economists' toolkit to the Spanish Main. Piracy is not just a great topic for Walt Disney movies, but also an important economic phenomenon. Leeson's excellent book helps us to understand who pirates were, and why they chose their infamous occupation. He uses economics to make sense of walking-the-plank and the Jolly Roger. This is a fun book, but also a volume rich with insights and analysis."--Edward Glaeser, Harvard University

"Light of touch and truly eloquent, The Invisible Hook is a terrific read on a fascinating topic. This is a beautifully written book."--Geoffrey Brennan, Duke University and University of North Carolina, Chapel Hill

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File created: 11/5/2009

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