
The Invisible Hook
The Hidden Economics of Pirates
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Narrated by:
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Jeremy Gage
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By:
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Peter T. Leeson
About this listen
Why did pirates fly flags of Skull & Bones? Why did they create a "pirate code"? Were pirates really ferocious madmen? And what made them so successful? The Invisible Hook uses economics to examine these and other infamous aspects of piracy. Leeson argues that the pirate customs we know and love resulted from pirates responding rationally to prevailing economic conditions in the pursuit of profits.
The Invisible Hook looks at legendary pirate captains like Blackbeard, Black Bart Roberts, and Calico Jack Rackam, and shows how pirates' search for plunder led them to pioneer remarkable and forward-thinking practices. Pirates understood the advantages of constitutional democracy - a model they adopted more than 50 years before the United States did so. Pirates also initiated an early system of workers' compensation, regulated drinking and smoking, and in some cases practiced racial tolerance and equality. Leeson contends that pirates exemplified the virtues of vice - their self-seeking interests generated socially desirable effects and their greedy criminality secured social order. Pirates proved that anarchy could be organized.
Revealing the democratic and economic forces propelling history's most colorful criminals, The Invisible Hook establishes pirates' trailblazing relevance to the contemporary world.
©2009 Peter T. Leeson (P)2009 Audible, Inc.Listeners also enjoyed...
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Critic reviews
"A brisk, clever new book." (The New Yorker)
Leeson has obviously done his research; taking 17th century primary sources such as government documents and first hand accounts of piracy an applying modern economic theory to explain it.
The only drawback I can forsee with this book is that a reader who doesn't have any prior knowledge of the carribean pirates may need to pick up an Eyewitness series or other book on piracy to understand a bit more of the context.
If you like pirates, history, economics, or theories on why people commit violent crimes this book is a must listen.
A great read for people who love pirate history.
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Unique Sales Force Leadership Training
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eye opening
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Set sail for economics
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Excellent Read!
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Could have been summed up in a much shorter book.
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Fun way to learn basic econ
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Etertaining and great as an audiobook
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Tedious and repetitive
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an interesting treatise on the pirate economy
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