The Invisible Hook: The Hidden Economics of Pirates
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The Invisible Hook: The Hidden Economics of Pirates
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Artikelmerkmale
- Artikelzustand
- Release Year
- 2011
- Book Title
- The Invisible Hook: The Hidden Economics of Pirates
- ISBN
- 9780691150093
Über dieses Produkt
Product Identifiers
Publisher
Princeton University Press
ISBN-10
0691150095
ISBN-13
9780691150093
eBay Product ID (ePID)
99596247
Product Key Features
Number of Pages
288 Pages
Language
English
Publication Name
Invisible Hook : the Hidden Economics of Pirates
Publication Year
2011
Subject
Modern / 18th Century, Economic History, Economics / General, Maritime History & Piracy
Type
Textbook
Subject Area
Business & Economics, History
Format
Trade Paperback
Dimensions
Item Height
0.7 in
Item Weight
11 Oz
Item Length
8.4 in
Item Width
5.5 in
Additional Product Features
Intended Audience
College Audience
TitleLeading
The
Reviews
A brisk, clever new book, The Invisible Hook , by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit., 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, "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, " The Invisible Hook: The Hidden Economics of Pirates , stands out as a novel contribution to international economics and, by extension, international relations." --Mitchell A. Belfer, Central European Journal of International and Security Studies, For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy, The Invisible Hook provides many pleasures and provocations. -- Philip Smallwood, Eighteenth-Century Studies, "[T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea of The Invisible Hook , and part of the reason why it is among the best popular works of economics in recent years." ---Francis J. DiTraglia, Journal of Value Inquiry, "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, "[W]ell-documented and very readable . . . covers pirates from bow to stern. In addition to some descriptions of high seas navigation, maneuvers and stealth that border on high adventure, Leeson supplies plenty of counterintuitive, even surprising, revelations about pirates. . . . And Leeson explains it all with economics. . . . Bottom line: Peter T. Leeson's The Invisible Hook is an insightful hoot, and scores a couple of extra points for originality. Economics-minded readers who enjoy historical adventure or relish over-the-top 'freakonomics' should get a hearty yo-ho-ho out of this book. Not to mention a 360-degree brain twist before diving into that new Michael Crichton novel."-- Seeking Alpha, 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, "Economist Leeson leads readers though a surprisingly entertaining crash course in economics in this study of high seas piracy at the turn of the 18th century. . . . Illustrated with salty tales of pirates both famous and infamous, the book rarely bogs down even when explaining intricate economic concepts, making it a great introduction to both pirate history and economic theory."-- Publishers Weekly, "[Leeson] clearly is . . . an undoubtedly excellent teacher, because the style and tone of the book are that of an engaging lecturer who makes economics entertaining for his undergraduate students." --Mark G. Hanna, International Journal of Maritime History, "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, "[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, Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational. ---Roger K. Miller, Tampa Bay Tribune, Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities. -- Daniele Archibugi, Open Democracy, [Leeson] clearly is . . . an undoubtedly excellent teacher, because the style and tone of the book are that of an engaging lecturer who makes economics entertaining for his undergraduate students. -- Mark G. Hanna, International Journal of Maritime History, 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, "[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, I guarantee that after the first few pages you won't be able to put this book down, and you will come away with a set of refreshing insights that you may very well find relevant to your own research agenda. . . . To put it bluntly, this book is a must read, or at least a 'should read,' for comparative political scientists, particularly those with a taste for the world of economics. . . . Leeson should at least get a couple doubloons of your hard-earned booty. ---Anthony Gill, Comparative Political Studies, "With all the books on these colorful criminals, Leeson's is the only one to focus on the economic side of the matter. That is his great advantage." -- Bibliotheque d'Humanisme et Renaissance, "For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy, The Invisible Hook provides many pleasures and provocations." ---Philip Smallwood, Eighteenth-Century Studies, "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, What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book, The Invisible Hook . -- David R. Henderson, Regulation Magazine, "A brisk, clever new book, The Invisible Hook , by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit."-- Caleb Crain, New Yorker, 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 Hookis his study of the hidden economics of piracy. -- Daniel Finkelstein, Times, The Invisible Hook is an excellent book by one of the most creative young economists around. ---Steven D. Levitt, Freakonomics blog, For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy, The Invisible Hook provides many pleasures and provocations., One of the finest introductory courses in economics since Henry Hazlitt'sEconomics in One Lesson. . . .The Invisible Hookis 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, "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, Well shiver me timbers, this surely is a wickedly good book! In fact, Peter Leeson has produced a book applying the dismal science that is both fun to read, and entertaining. Arrgh -uably, it also has more economic relevance than 95 percent of the articles in mainstream economics journals. Furthermore, it is accessible to virtually any reader. -- Bruce L. Benson, Public Choice, 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, Jauntily characterising the typical pirate ship as akin to 'a Fortune 500 company', [Leeson] reorients pirates as precursors of Milton Friedman and the Chicago school of economics., "Mr. Leeson's book represents a serious attempt to use the tools of economics to make sense of the institutions of piracy. The book is another example of economic imperialism, the use of economics to make sense of real world phenomena that are outside the standard realm of economic science. It addresses an important force that did, and does, impact world trade. But as the skull and crossbones on its spine suggests, the book is also just fun. . . . [T]he book manages to be entertaining and informative. It is a fun read and provides parents with something to teach their children while looking for pirate treasure left long ago at the beach."-- Edward Glaeser, Economix blog , NYTimes.com, "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, "I guarantee that after the first few pages you won't be able to put this book down, and you will come away with a set of refreshing insights that you may very well find relevant to your own research agenda. . . . To put it bluntly, this book is a must read, or at least a 'should read,' for comparative political scientists, particularly those with a taste for the world of economics. . . . Leeson should at least get a couple doubloons of your hard-earned booty." --Anthony Gill, Comparative Political Studies, Peter T. Leeson . . . puts salty flesh on the bones of the pirates' legend in The Invisible Hook , pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor. ---Jonathan Stevenson, Democracy, "Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities." --Daniele Archibugi, Open Democracy, It's Freakonomics meets Pirates of the Caribbean . Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding's Lord of the Flies .' And by the end of the book, he had me convinced of it. ---Rick Lax, Las Vegas Weekly, "Mr. Leeson's book represents a serious attempt to use the tools of economics to make sense of the institutions of piracy. The book is another example of economic imperialism, the use of economics to make sense of real world phenomena that are outside the standard realm of economic science. It addresses an important force that did, and does, impact world trade. But as the skull and crossbones on its spine suggests, the book is also just fun. . . . [T]he book manages to be entertaining and informative. It is a fun read and provides parents with something to teach their children while looking for pirate treasure left long ago at the beach." --Edward Glaeser, Economix blog , NYTimes.com, "I guarantee that after the first few pages you won't be able to put this book down, and you will come away with a set of refreshing insights that you may very well find relevant to your own research agenda. . . . To put it bluntly, this book is a must read, or at least a 'should read,' for comparative political scientists, particularly those with a taste for the world of economics. . . . Leeson should at least get a couple doubloons of your hard-earned booty."-- Anthony Gill, Comparative Political Studies, 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., " The Invisible Hook is an excellent book by one of the most creative young economists around." ---Steven D. Levitt, Freakonomics blog, I guarantee that after the first few pages you won't be able to put this book down, and you will come away with a set of refreshing insights that you may very well find relevant to your own research agenda. . . . To put it bluntly, this book is a must read, or at least a 'should read,' for comparative political scientists, particularly those with a taste for the world of economics. . . . Leeson should at least get a couple doubloons of your hard-earned booty. -- Anthony Gill, Comparative Political Studies, Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational. -- Roger K. Miller, Tampa Bay Tribune, 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., 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, Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands., "Peter T. Leeson . . . puts salty flesh on the bones of the pirates' legend in The Invisible Hook , pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor."-- Jonathan Stevenson, Democracy, " The Invisible Hook is an excellent book by one of the most creative young economists around."-- Steven D. Levitt, Freakonomics blog, [S]urprising and engaging . . . . [Leeson's] seminars must be wildly popular. ---Stephen Sedley, London Review of Books, "Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational." ---Roger K. Miller, Tampa Bay Tribune, The Invisible Hook: The Hidden Economics of Pirates , stands out as a novel contribution to international economics and, by extension, international relations., Peter T. Leeson . . . puts salty flesh on the bones of the pirates' legend in The Invisible Hook , pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor. -- Jonathan Stevenson, Democracy, Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational., "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, "Peter Leeson's The Invisible Hook argues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits." --Tim Wilson, IPA Reviews, "[Leeson] clearly is . . . an undoubtedly excellent teacher, because the style and tone of the book are that of an engaging lecturer who makes economics entertaining for his undergraduate students."-- Mark G. Hanna, International Journal of Maritime History, "[T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea of The Invisible Hook , and part of the reason why it is among the best popular works of economics in recent years."-- Francis J. DiTraglia, Journal of Value Inquiry, The Invisible Hook is certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject. -- Andrew Young, Southern Economic Journal, Economist Leeson leads readers though a surprisingly entertaining crash course in economics in this study of high seas piracy at the turn of the 18th century. . . . Illustrated with salty tales of pirates both famous and infamous, the book rarely bogs down even when explaining intricate economic concepts, making it a great introduction to both pirate history and economic theory., "Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational." --Roger K. Miller, Tampa Bay Tribune, Peter Leeson's The Invisible Hook argues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits., "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, "Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands." --Leon Gettler, The Age, 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, It's Freakonomics meets Pirates of the Caribbean . Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding's Lord of the Flies .' And by the end of the book, he had me convinced of it. -- Rick Lax, Las Vegas Weekly, "For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy, The Invisible Hook provides many pleasures and provocations."-- Philip Smallwood, Eighteenth-Century Studies, "Leeson's book is stimulating, provocative, and, of course, a fun read."-- Douglas Marcouiller, Journal of World Trade Review, "What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book, The Invisible Hook ." --David R. Henderson, Regulation Magazine, This is an enjoyable read that discusses the management style, branding, employee recruitment and retention, compensation and incentives and strategic planning of pirates and why these systems were effective. There are some valuable lessons to be learned., "[W]ell-documented and very readable . . . covers pirates from bow to stern. In addition to some descriptions of high seas navigation, maneuvers and stealth that border on high adventure, Leeson supplies plenty of counterintuitive, even surprising, revelations about pirates. . . . And Leeson explains it all with economics. . . . Bottom line: Peter T. Leeson's The Invisible Hook is an insightful hoot, and scores a couple of extra points for originality. Economics-minded readers who enjoy historical adventure or relish over-the-top 'freakonomics' should get a hearty yo-ho-ho out of this book. Not to mention a 360-degree brain twist before diving into that new Michael Crichton novel." -- Seeking Alpha, "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, [T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea of The Invisible Hook , and part of the reason why it is among the best popular works of economics in recent years. -- Francis J. DiTraglia, Journal of Value Inquiry, [T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea of The Invisible Hook , and part of the reason why it is among the best popular works of economics in recent years. ---Francis J. DiTraglia, Journal of Value Inquiry, "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, Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands. -- Leon Gettler, The Age, [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, "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, Well shiver me timbers, this surely is a wickedly good book! In fact, Peter Leeson has produced a book applying the dismal science that is both fun to read, and entertaining. Arrgh -uably, it also has more economic relevance than 95 percent of the articles in mainstream economics journals. Furthermore, it is accessible to virtually any reader. ---Bruce L. Benson, Public Choice, Leave it to an economist to take our current obsession [with pirates] and peer under it in search of a new interpretation. . . .The Invisible Hookis an entertaining economic history of an era and a way of business rarely considered in such a way. Pirates were rational! -- MIT Sloan Management Review, "This is an enjoyable read that discusses the management style, branding, employee recruitment and retention, compensation and incentives and strategic planning of pirates and why these systems were effective. There are some valuable lessons to be learned."-- Bill Sutton, Sports Business Journal, "[S]urprising and engaging . . . . [Leeson's] seminars must be wildly popular." --Stephen Sedley, London Review of Books, 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 Hookis quick-paced but thought-provoking. Based on this work, the reader should look forward to more books by the author. -- Claude Berube, Washington Times, A brisk, clever new book,The Invisible Hook, by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit. -- Caleb Crain, New Yorker, "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, [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, [W]ell-documented and very readable . . . covers pirates from bow to stern. In addition to some descriptions of high seas navigation, maneuvers and stealth that border on high adventure, Leeson supplies plenty of counterintuitive, even surprising, revelations about pirates. . . . And Leeson explains it all with economics. . . . Bottom line: Peter T. Leeson'sThe Invisible Hookis an insightful hoot, and scores a couple of extra points for originality. Economics-minded readers who enjoy historical adventure or relish over-the-top 'freakonomics' should get a hearty yo-ho-ho out of this book. Not to mention a 360-degree brain twist before diving into that new Michael Crichton novel., "[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, 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., "Delightful. . . . Examines the hidden order behind the literal anarchy of pirates. . . . Entertaining and educational."-- Roger K. Miller, Tampa Bay Tribune, "Light of touch and truly eloquent, The Invisible Hook is a terrific read on a fascinating topic. This is a beautifully written book." 'e"Geoffrey Brennan, Duke University and University of North Carolina, Chapel Hill, This is an enjoyable read that discusses the management style, branding, employee recruitment and retention, compensation and incentives and strategic planning of pirates and why these systems were effective. There are some valuable lessons to be learned. -- Bill Sutton, Sports Business Journal, "With all the books on these colorful criminals, Leeson's is the only one to focus on the economic side of the matter. That is his great advantage."-- Bibliotheque d'Humanisme et Renaissance, "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, 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, 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, [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, Peter Leeson's The Invisible Hook argues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits. -- Tim Wilson, IPA Reviews, "Leave it to an economist to take our current obsession [with pirates] and peer under it in search of a new interpretation. . . . The Invisible Hook is an entertaining economic history of an era and a way of business rarely considered in such a way. Pirates were rational!"-- MIT Sloan Management Review, The book wittily demonstrates that economic theories and principles, if not the be-all and end-all, can illuminate notable historical trends., "It's Freakonomics meets Pirates of the Caribbean . Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding's Lord of the Flies .' And by the end of the book, he had me convinced of it."-- Rick Lax, Las Vegas Weekly, [W]ell-documented and very readable . . . covers pirates from bow to stern. In addition to some descriptions of high seas navigation, maneuvers and stealth that border on high adventure, Leeson supplies plenty of counterintuitive, even surprising, revelations about pirates. . . . And Leeson explains it all with economics. . . . Bottom line: Peter T. Leeson's The Invisible Hook is an insightful hoot, and scores a couple of extra points for originality. Economics-minded readers who enjoy historical adventure or relish over-the-top 'freakonomics' should get a hearty yo-ho-ho out of this book. Not to mention a 360-degree brain twist before diving into that new Michael Crichton novel. -- Seeking Alpha, "[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, "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, 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, "For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy, The Invisible Hook provides many pleasures and provocations." --Philip Smallwood, Eighteenth-Century Studies, [Offers] not only a thumbnail history of piracy but important insights into the economic way of thinking. . . . Fascinating, entertaining and educational., Leave it to an economist to take our current obsession [with pirates] and peer under it in search of a new interpretation. . . . The Invisible Hook is an entertaining economic history of an era and a way of business rarely considered in such a way. Pirates were rational! -- MIT Sloan Management Review, "Jauntily characterising the typical pirate ship as akin to 'a Fortune 500 company', [Leeson] reorients pirates as precursors of Milton Friedman and the Chicago school of economics." --Ludovic Hunter-Tilney, Financial Times, [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., Well shiver me timbers, this surely is a wickedly good book! In fact, Peter Leeson has produced a book applying the dismal science that is both fun to read, and entertaining. Arrgh -uably, it also has more economic relevance than 95 percent of the articles in mainstream economics journals. Furthermore, it is accessible to virtually any reader., 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 ., [S]urprising and engaging . . . . [Leeson's] seminars must be wildly popular. -- Stephen Sedley, London Review of Books, Mr. Leeson's book represents a serious attempt to use the tools of economics to make sense of the institutions of piracy. The book is another example of economic imperialism, the use of economics to make sense of real world phenomena that are outside the standard realm of economic science. It addresses an important force that did, and does, impact world trade. But as the skull and crossbones on its spine suggests, the book is also just fun. . . . [T]he book manages to be entertaining and informative. It is a fun read and provides parents with something to teach their children while looking for pirate treasure left long ago at the beach., "What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book, The Invisible Hook ." ---David R. Henderson, Regulation Magazine, "[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, 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, "Leave it to an economist to take our current obsession [with pirates] and peer under it in search of a new interpretation. . . . The Invisible Hook is an entertaining economic history of an era and a way of business rarely considered in such a way. Pirates were rational!" -- MIT Sloan Management Review, The Invisible Hookis certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject. -- Andrew Young, Southern Economic Journal, "[T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea of The Invisible Hook , and part of the reason why it is among the best popular works of economics in recent years." --Francis J. DiTraglia, Journal of Value Inquiry, "Well shiver me timbers, this surely is a wickedly good book! In fact, Peter Leeson has produced a book applying the dismal science that is both fun to read, and entertaining. Arrgh -uably, it also has more economic relevance than 95 percent of the articles in mainstream economics journals. Furthermore, it is accessible to virtually any reader." ---Bruce L. Benson, Public 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, "Jauntily characterising the typical pirate ship as akin to 'a Fortune 500 company', [Leeson] reorients pirates as precursors of Milton Friedman and the Chicago school of economics."-- Ludovic Hunter-Tilney, Financial Times, " The Invisible Hook is a great read. I recommend it without hesitation to professional academics, students, anyone interested in a clear exposition of the economic way of thinking, and every scurvy dog who is interested in pirating." --Bruce L. Benson, Public Choice, What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book,The Invisible Hook. -- David R. Henderson, Regulation Magazine, " The Invisible Hook is certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject."-- Andrew Young, Southern Economic Journal, 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, " The Invisible Hook: The Hidden Economics of Pirates , stands out as a novel contribution to international economics and, by extension, international relations." ---Mitchell A. Belfer, Central European Journal of International and Security Studies, What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book, The Invisible Hook ., "[Leeson] clearly is . . . an undoubtedly excellent teacher, because the style and tone of the book are that of an engaging lecturer who makes economics entertaining for his undergraduate students." ---Mark G. Hanna, International Journal of Maritime History, Jauntily characterising the typical pirate ship as akin to 'a Fortune 500 company', [Leeson] reorients pirates as precursors of Milton Friedman and the Chicago school of economics. ---Ludovic Hunter-Tilney, Financial Times, "It's Freakonomics meets Pirates of the Caribbean . Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding's Lord of the Flies .' And by the end of the book, he had me convinced of it." ---Rick Lax, Las Vegas Weekly, The Invisible Hook is certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject., Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities. ---Daniele Archibugi, Open Democracy, Jauntily characterising the typical pirate ship as akin to 'a Fortune 500 company', [Leeson] reorients pirates as precursors of Milton Friedman and the Chicago school of economics. -- Ludovic Hunter-Tilney, Financial Times, 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 bookThe Invisible Hook. -- J. Peter Pham, San Francisco Chronicle, Leeson's book is stimulating, provocative, and, of course, a fun read. ---Douglas Marcouiller, Journal of World Trade Review, "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, " The Invisible Hook: The Hidden Economics of Pirates , stands out as a novel contribution to international economics and, by extension, international relations."-- Mitchell A. Belfer, Central European Journal of International and Security Studies, For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy,The Invisible Hookprovides many pleasures and provocations. -- Philip Smallwood, Eighteenth-Century Studies, "[S]urprising and engaging . . . . [Leeson's] seminars must be wildly popular." ---Stephen Sedley, London Review of Books, "[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 Invisible Hook is an excellent book by one of the most creative young economists around." --Steven D. Levitt, Freakonomics blog, "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, [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., "Peter Leeson's The Invisible Hook argues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits."-- Tim Wilson, IPA Reviews, I guarantee that after the first few pages you won't be able to put this book down, and you will come away with a set of refreshing insights that you may very well find relevant to your own research agenda. . . . To put it bluntly, this book is a must read, or at least a 'should read,' for comparative political scientists, particularly those with a taste for the world of economics. . . . Leeson should at least get a couple doubloons of your hard-earned booty., "This is an enjoyable read that discusses the management style, branding, employee recruitment and retention, compensation and incentives and strategic planning of pirates and why these systems were effective. There are some valuable lessons to be learned." ---Bill Sutton, Sports Business Journal, "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, "I guarantee that after the first few pages you won't be able to put this book down, and you will come away with a set of refreshing insights that you may very well find relevant to your own research agenda. . . . To put it bluntly, this book is a must read, or at least a 'should read,' for comparative political scientists, particularly those with a taste for the world of economics. . . . Leeson should at least get a couple doubloons of your hard-earned booty." ---Anthony Gill, Comparative Political Studies, The Invisible Hookis an excellent book by one of the most creative young economists around. -- Steven D. Levitt, Freakonomics blog, 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, 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, "A brisk, clever new book, The Invisible Hook , by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit." ---Caleb Crain, New Yorker, "Jauntily characterising the typical pirate ship as akin to 'a Fortune 500 company', [Leeson] reorients pirates as precursors of Milton Friedman and the Chicago school of economics." ---Ludovic Hunter-Tilney, Financial 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, "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, 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, "A fresh and provocative take on the Golden Age pirates. Leeson writes with clarity and the depth of his research is impressive." 'e"Colin Woodard, author of The Republic of Pirates, "A brisk, clever new book, The Invisible Hook , by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit." --Caleb Crain, New Yorker, 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, "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." 'e"Edward Glaeser, Harvard University, 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, Leeson hangs the meat of his pirate tale on a sturdy skeleton of economics. . . .The Invisible Hookis 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, "Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands." ---Leon Gettler, The Age, [I]nThe 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, "Economist Leeson leads readers though a surprisingly entertaining crash course in economics in this study of high seas piracy at the turn of the 18th century. . . . Illustrated with salty tales of pirates both famous and infamous, the book rarely bogs down even when explaining intricate economic concepts, making it a great introduction to both pirate history and economic theory." -- Publishers Weekly, "Peter T. Leeson . . . puts salty flesh on the bones of the pirates' legend in The Invisible Hook , pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor." ---Jonathan Stevenson, Democracy, "[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, 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 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, 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., The Invisible Hook is a great read. I recommend it without hesitation to professional academics, students, anyone interested in a clear exposition of the economic way of thinking, and every scurvy dog who is interested in pirating. ---Bruce L. Benson, Public Choice, "Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities."-- Daniele Archibugi, Open Democracy, "This is an enjoyable read that discusses the management style, branding, employee recruitment and retention, compensation and incentives and strategic planning of pirates and why these systems were effective. There are some valuable lessons to be learned." --Bill Sutton, Sports Business Journal, [A]n eye-opener. . . .The Invisible Hookis a gripping read that sheds as much light on 21st century economics . . . as it does on 17th and 18th century piracy. -- Ethical Corporation Magazine, "Peter T. Leeson . . . puts salty flesh on the bones of the pirates' legend in The Invisible Hook , pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor." --Jonathan Stevenson, Democracy, With all the books on these colorful criminals, Leeson's is the only one to focus on the economic side of the matter. That is his great advantage. -- Bibliotheque d'Humanisme et Renaissance, Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities., Peter Leeson'sThe Invisible Hookargues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits. -- Tim Wilson, IPA Reviews, 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., Peter Leeson's The Invisible Hook argues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits. ---Tim Wilson, IPA Reviews, "Well shiver me timbers, this surely is a wickedly good book! In fact, Peter Leeson has produced a book applying the dismal science that is both fun to read, and entertaining. Arrgh -uably, it also has more economic relevance than 95 percent of the articles in mainstream economics journals. Furthermore, it is accessible to virtually any reader." --Bruce L. Benson, Public Choice, "[S]urprising and engaging . . . . [Leeson's] seminars must be wildly popular."-- Stephen Sedley, London Review of Books, "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, 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, "Mr. Leeson's book represents a serious attempt to use the tools of economics to make sense of the institutions of piracy. The book is another example of economic imperialism, the use of economics to make sense of real world phenomena that are outside the standard realm of economic science. It addresses an important force that did, and does, impact world trade. But as the skull and crossbones on its spine suggests, the book is also just fun. . . . [T]he book manages to be entertaining and informative. It is a fun read and provides parents with something to teach their children while looking for pirate treasure left long ago at the beach." ---Edward Glaeser, Economix blog, The Invisible Hook is a great read. I recommend it without hesitation to professional academics, students, anyone interested in a clear exposition of the economic way of thinking, and every scurvy dog who is interested in pirating. -- Bruce L. Benson, Public Choice, "What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book, The Invisible Hook ."-- David R. Henderson, Regulation Magazine, "Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands."-- Leon Gettler, The Age, [T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea of The Invisible Hook , and part of the reason why it is among the best popular works of economics in recent years., [Leeson] clearly is . . . an undoubtedly excellent teacher, because the style and tone of the book are that of an engaging lecturer who makes economics entertaining for his undergraduate students. ---Mark G. Hanna, International Journal of Maritime History, The Invisible Hook is an excellent book by one of the most creative young economists around. -- Steven D. Levitt, Freakonomics blog, It'sFreakonomicsmeetsPirates of the Caribbean. Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding'sLord of the Flies.' And by the end of the book, he had me convinced of it. -- Rick Lax, Las Vegas Weekly, 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, " The Invisible Hook is certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject." ---Andrew Young, Southern Economic Journal, Peter T. Leeson . . . puts salty flesh on the bones of the pirates' legend inThe Invisible Hook, pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor. -- Jonathan Stevenson, Democracy, [Leeson] clearly is . . . an undoubtedly excellent teacher, because the style and tone of the book are that of an engaging lecturer who makes economics entertaining for his undergraduate students., "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, " The Invisible Hook is a great read. I recommend it without hesitation to professional academics, students, anyone interested in a clear exposition of the economic way of thinking, and every scurvy dog who is interested in pirating."-- Bruce L. Benson, Public Choice, 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., "Well shiver me timbers, this surely is a wickedly good book! In fact, Peter Leeson has produced a book applying the dismal science that is both fun to read, and entertaining. Arrgh -uably, it also has more economic relevance than 95 percent of the articles in mainstream economics journals. Furthermore, it is accessible to virtually any reader."-- Bruce L. Benson, Public Choice, Leave it to an economist to take our current obsession [with pirates] and peer under it in search of a new interpretation. . . . The Invisible Hook is an entertaining economic history of an era and a way of business rarely considered in such a way. Pirates were rational!, A brisk, clever new book, The Invisible Hook , by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit. ---Caleb Crain, New Yorker, The Invisible Hook is certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject. ---Andrew Young, Southern Economic Journal, The Invisible Hook is a great read. I recommend it without hesitation to professional academics, students, anyone interested in a clear exposition of the economic way of thinking, and every scurvy dog who is interested in pirating., " The Invisible Hook is certainly a worthwhile read for various audiences. It can serve as an effective introduction to several key economic concepts with pirate society serving as an excellent vehicle for grabbing a reader's interest. This book would be an ideal supplemental reading for undergraduate principles of microeconomics or economic history classes. . . . The book can also be valuable to any historian of piracy seeking a uniquely economics-based perspective on their subject." --Andrew Young, Southern Economic Journal, "Leeson's book is stimulating, provocative, and, of course, a fun read." ---Douglas Marcouiller, Journal of World Trade Review, "It's Freakonomics meets Pirates of the Caribbean . Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding's Lord of the Flies .' And by the end of the book, he had me convinced of it." --Rick Lax, Las Vegas Weekly, [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, "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, [W]ell-documented and very readable . . . covers pirates from bow to stern. In addition to some descriptions of high seas navigation, maneuvers and stealth that border on high adventure, Leeson supplies plenty of counterintuitive, even surprising, revelations about pirates. . . . And Leeson explains it all with economics. . . . Bottom line: Peter T. Leeson's The Invisible Hook is an insightful hoot, and scores a couple of extra points for originality. Economics-minded readers who enjoy historical adventure or relish over-the-top 'freakonomics' should get a hearty yo-ho-ho out of this book. Not to mention a 360-degree brain twist before diving into that new Michael Crichton novel., 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., One of San Francisco Chronicle's 100 Best Books for 2009 Winner of the 2009 Best International Nonfiction Book, Week Winner of the 2009 Gold Medal Book of the Year Award in Business and Economics, ForeWord Reviews, "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 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., What possible connection could there be between economics and a book on piracy? A lot, it turns out. Peter Leeson explains this seemingly bizarre connection in page after page of his witty new book, The Invisible Hook . ---David R. Henderson, Regulation Magazine, With all the books on these colorful criminals, Leeson's is the only one to focus on the economic side of the matter. That is his great advantage., "Cleverly written and witty. . . . [Casts] a penetrating glance at the social and political motives of these odd outlaw communities." ---Daniele Archibugi, Open Democracy, "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, [T]here is much to be learned from Blackbeard and his compatriots: social order can arise without explicit design, and economics provides a powerful set of ideas for understanding how. This is the central idea ofThe Invisible Hook, and part of the reason why it is among the best popular works of economics in recent years. -- Francis J. DiTraglia, Journal of Value Inquiry, "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, 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, "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, "[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, "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, "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, 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., A brisk, clever new book, The Invisible Hook , by Peter T. Leeson, an economist who claims to have owned a pirate skull ring as a child and to have had supply-and-demand curves tattooed on his right biceps when he was seventeen, offers a different approach. Rather than directly challenging pirates' leftist credentials, Leeson says that their apparent espousal of liberty, equality, and fraternity derived not from idealism but from a desire for profit. -- Caleb Crain, New Yorker, Leeson's book is stimulating, provocative, and, of course, a fun read. -- Douglas Marcouiller, Journal of World Trade Review, The Invisible Hook: The Hidden Economics of Pirates , stands out as a novel contribution to international economics and, by extension, international relations. -- Mitchell A. Belfer, Central European Journal of International and Security Studies, "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, "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, "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, 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 T. Leeson . . . puts salty flesh on the bones of the pirates' legend in The Invisible Hook , pulling off the formidable trick of being both rigorous and cheeky. . . . Leeson's lights . . . are bright and convincing. . . . [A] jaunty gem of a book. . . . [H]is argument assuredly does bolster the Chicago School case that the dismal science pervades every human endeavor., "Peter Leeson's The Invisible Hook argues that many of the founding principles of capitalist, liberal democracies are not rooted in the Glorious Revolution or the writing of the Declaration of Independence; but the incentive structures necessary to keep a group of rowdy ocean-bound outlaws working as a team of ruthless sea bandits." ---Tim Wilson, IPA Reviews, This is an enjoyable read that discusses the management style, branding, employee recruitment and retention, compensation and incentives and strategic planning of pirates and why these systems were effective. There are some valuable lessons to be learned. ---Bill Sutton, Sports Business Journal, The Invisible Hook: The Hidden Economics of Pirates , stands out as a novel contribution to international economics and, by extension, international relations. ---Mitchell A. Belfer, Central European Journal of International and Security Studies, For those who are interested in a quick course in free-market political economy, or in a fresh approach to the history of piracy, The Invisible Hook provides many pleasures and provocations. ---Philip Smallwood, Eighteenth-Century Studies, It's Freakonomics meets Pirates of the Caribbean . Jack Hirshleifer meets Jack Sparrow. Fischer Black meets Blackbeard. Adam Smith meets Captain Hook. . . . Peter Leeson claims, 'A pirate ship more closely resembled a Fortune 500 company than the society of savage schoolchildren depicted in William Golding's Lord of the Flies .' And by the end of the book, he had me convinced of it., Leeson says history cannot explain all piratical paradoxes. Only economics can disentangle the different strands. ---Leon Gettler, The Age, Mr. Leeson's book represents a serious attempt to use the tools of economics to make sense of the institutions of piracy. The book is another example of economic imperialism, the use of economics to make sense of real world phenomena that are outside the standard realm of economic science. It addresses an important force that did, and does, impact world trade. But as the skull and crossbones on its spine suggests, the book is also just fun. . . . [T]he book manages to be entertaining and informative. It is a fun read and provides parents with something to teach their children while looking for pirate treasure left long ago at the beach. ---Edward Glaeser, Economix blog, "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, Mr. Leeson's book represents a serious attempt to use the tools of economics to make sense of the institutions of piracy. The book is another example of economic imperialism, the use of economics to make sense of real world phenomena that are outside the standard realm of economic science. It addresses an important force that did, and does, impact world trade. But as the skull and crossbones on its spine suggests, the book is also just fun. . . . [T]he book manages to be entertaining and informative. It is a fun read and provides parents with something to teach their children while looking for pirate treasure left long ago at the beach. -- Edward Glaeser, Economix blog, "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, Economist Leeson leads readers though a surprisingly entertaining crash course in economics in this study of high seas piracy at the turn of the 18th century. . . . Illustrated with salty tales of pirates both famous and infamous, the book rarely bogs down even when explaining intricate economic concepts, making it a great introduction to both pirate history and economic theory. -- Publishers Weekly, "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, One of San Francisco Chronicles 100 Best Books for 2009 Winner of the 2009 Best International Nonfiction Book, Week Winner of the 2009 Gold Medal Book of the Year Award in Business and Economics, ForeWord Reviews, [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, " The Invisible Hook is a great read. I recommend it without hesitation to professional academics, students, anyone interested in a clear exposition of the economic way of thinking, and every scurvy dog who is interested in pirating." ---Bruce L. Benson, Public Choice, "Leeson's book is stimulating, provocative, and, of course, a fun read." --Douglas Marcouiller, Journal of World Trade Review
Dewey Edition
22
Illustrated
Yes
Dewey Decimal
330
Synopsis
Pack your cutlass and blunderbuss--it's time to go a-pirating! The Invisible Hook takes readers inside the wily world of late seventeenth- and early eighteenth-century pirates. With swashbuckling irreverence and devilish wit, Peter Leeson uncovers the hidden economics behind pirates' notorious, entertaining, and sometimes downright shocking behavior. 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 fifty 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., Pack your cutlass and blunderbuss--it's time to go a-pirating! The Invisible Hook takes readers inside the wily world of late seventeenth- and early eighteenth-century pirates. With swashbuckling irreverence and devilish wit, Peter Leeson uncovers the hidden economics behind pirates' notorious, entertaining, and sometimes downright shocking behavior. 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 fifty 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., Pack your cutlass and blunderbuss--it's time to go a-pirating The Invisible Hook takes readers inside the wily world of late seventeenth- and early eighteenth-century pirates. With swashbuckling irreverence and devilish wit, Peter Leeson uncovers the hidden economics behind pirates' notorious, entertaining, and sometimes downright shocking behavior. 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 fifty 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., Takes readers inside the wily world of late seventeenth- and early eighteenth-century pirates. With swashbuckling irreverence and devilish wit, this book uncovers the hidden economics behind pirates' notorious, entertaining, and sometimes downright shocking behavior.
LC Classification Number
G535.L44 2011
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