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MessagePosté le: Jeu 2 Juin - 22:08 (2016)    Sujet du message: [HQ] The Invisible Hook: The Hidden$Economics#Of Pirates Répondre en citant




The Invisible Hook: The Hidden Economics Of Pirates > bit.ly/1t4xy3j

























































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Abused and plundered occasionally. August 23, 2011. Like privateers, government commissioned vessels commissioned to protect against interlopers--basically smugglers. Comments and Sharing CATEGORIES: Books (246) , History (51) , Industry Interviews: Individuals at Work (41) , Law and Institutions (92) , Peter Leeson (1) TWITTER: Follow Russ Roberts EconTalker . Want peaceable surrender. These codes, which had to be agreed to by all pirates on a ship, aligned incentives among pirates and their leaders by having egalitarian pay structures; sought to minimize conflict on ships by proscribing activities such as gambling, bringing women aboard, or drinking below decks after 8 p.m.; and specified penalties for transgressions. But I believe that is a backwards/ misguided interpretation. April 01, 2016 1460 Related Articles Philosophy Ludwig von Mises Carl Menger and the Austrian School of Economics June 03, 2015 James L.

Some discretion--half a leg? Some judgment call. Conscripted, but overall didn't need to: better treatment and potential for better pay. Needed some leadership; not practical to have whole crew voting on whether or not they should fire broadside or cannon 3. Even where exercised, shaped by popular will on the ship. Not too inhabited--don't want to get chased. Buccaneers did some of that during wars, but when wars ended turned to outright piracy. Hard to argue that the Articles were very important. Worker's Comp system: during battle, likely to get injured. Access to weapons on merchant ship but they were locked away; on a pirate ship, everyone had a weapon. Testament to some of the modern world's most cherished values: democracy, equality, social insurance.

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