Book Reviews
Gregory Clark of University of California, Davis reviews “The Invisible Hook: The Hidden Economics of Pirates” by Peter T. Leeson,. The EconLit Abstract of the reviewed work begins “Explores the world of late seventeenth- and early eighteenth-century pirates from an economic perspective, focusing on how famous pirate customs resulted from pirates responding rationally to prevailing economic conditions in the pursuit of profits. Discusses the invisible hook; the economics of pirate democracy; the economics of the pirate code; the economics of the Jolly Roger; the economics of pirate torture; the economics of pirate conscription; the economics of pirate tolerance; and the secrets of pirate management. Leeson is BB&T Professor for the Study of Capitalism in the Department of Economics at George Mason University. Index.”