Amid the drinking, gambling, thieving, and fighting, pirates couldn’t have had much time for economic calculation, could they?
Actually, the policies and practices pirates employed in securing their illegal booty offer some interesting economic lessons. George Mason University economist Peter Leeson discussed them in a presentation last night for Campbell University’s Politics, Law, and Economics Lecture Series.
11:15 a.m. update: At the speaker’s request, the video of this presentation is no longer available.
But please stay tuned to Carolina Journal Radio. We’ll discuss the economics of piracy with Leeson in an upcoming program.
