Monday, August 31, 2009

The pirate brand

At the New Yorker, Caleb Crain reviews Peter Leeson's The Invisible Hook: The Hidden Economics of Pirates (I have only dipped into the book myself so far, but it looks excellent); Caleb also offers further piratical background at his blog.

1 comment:

  1. There was a great episode of NPR's Planet Money a few months ago about modern pirate economics. The Somalis have time-sheets and everything. Negotiations are very businesslike and predictable. At the end of the one they used as a case study, the pirates persuaded the ship owners to drop them a few hundred miles down the coast so as to avoid brigands on land. If I had more time, I'd find it.