Peter Leeson

“I think The Invisible Hook does a fascinating job of communicating to people the enjoyment of just thinking through a problem like an economist. Pete takes on the organisation of pirate ships and points out how pirates represented a community in and of themselves. Even in a world of thieves, they had to respect rights in order to be able to coordinate with one another. He goes through and explains the elaborate methods by which they organised their activities on a ship. Those ships were not as small as we might think, the ventures actually required people of diverse ethnic backgrounds and sexual preferences, and yet somehow they came to work together. They signed actual constitutions among themselves. So it’s a fascinating read, it’s all about the secret economics of the pirates and how they organised their ventures, and how actually their ventures, a lot of times, were more humane than those of the Royal Navy.” Read more...

The best books on Austrian Economics

Peter Boettke, Economist