Not just guidelines: Pirate codes and the emergence of property rights in The Invisible Hook

Not just guidelines: Pirate codes and the emergence of property rights in The Invisible Hook Peter Leeson’s The Invisible Hook provides a readable and entertaining narrative of the hidden economics of the Golden Age of Piracy. This essay comments on one particular aspect of Leeson’s work: what we can learn from pirates about the emergence and evolution of property rights? I conclude that pirate codes had their origins in part in legally enforceable agreements and that pirates’ blend of individual and communal property rights bore some resemblance to the property rights of wandering tribal peoples. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Not just guidelines: Pirate codes and the emergence of property rights in The Invisible Hook

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Publisher
Springer Journals
Copyright
Copyright © 2010 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-010-0110-8
Publisher site
See Article on Publisher Site

Abstract

Peter Leeson’s The Invisible Hook provides a readable and entertaining narrative of the hidden economics of the Golden Age of Piracy. This essay comments on one particular aspect of Leeson’s work: what we can learn from pirates about the emergence and evolution of property rights? I conclude that pirate codes had their origins in part in legally enforceable agreements and that pirates’ blend of individual and communal property rights bore some resemblance to the property rights of wandering tribal peoples.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: May 4, 2010

References

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