The Economics of 'Certaine Lewd and Ill-Disposed Persons': Comment on Leeson

11 Pages Posted: 1 Nov 2009  

Art Carden

Brock School of Business, Samford University

Date Written: October 31, 2009

Abstract

In The Invisible Hook, Peter T. Leeson explores “the hidden economics of pirates.” The implications of his work are many, and there are several clear ways in which scholars can build on his insights. First, exploring piracy helps us better understand the rent-seeking societies of mercantilist Europe. Second, public and private policy toward pirates helps us better understand the institutions and organizations that emerge in order to govern and manage common resources. Third, the nearly universal condemnation of pirates by religious authorities and political leaders as well as the association of pirates with the demonic and Satanic suggests further directions for research into the interactions between ideology, politics, and economic institutions.

Keywords: Austrian Economics, New Institutional Economics, pirates, trade, organization, rent-seeking

JEL Classification: A11, A12, B53, D02, D23, F13, F15, N40, N41, N43, N90

Suggested Citation

Carden, Art, The Economics of 'Certaine Lewd and Ill-Disposed Persons': Comment on Leeson (October 31, 2009). Available at SSRN: https://ssrn.com/abstract=1497465 or http://dx.doi.org/10.2139/ssrn.1497465

Art Carden (Contact Author)

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States

HOME PAGE: http://www.artcarden.com

Paper statistics

Downloads
15
Abstract Views
610