Review of Virgil Henry Storr’s Enterprising slaves & master pirates: Understanding economic life in the Bahamas,

Review of Virgil Henry Storr’s Enterprising slaves & master pirates: Understanding economic... Rev Austrian Econ (2007) 20:205–207 DOI 10.1007/s11138-007-0014-4 BOOK REVIEW Review of Virgil Henry Storr’s Enterprising slaves & master pirates: Understanding economic life in the Bahamas, New York: Peter Lang, 2004, 147pp Christopher J. Coyne Published online: 29 March 2007 Springer Science + Business Media, LLC 2007 The questions of “whether” and “how” culture matters for economic, political, and social development have puzzled social scientists for centuries. Economists have largely neglected these issues, focusing instead on alternative explanations for economic performance. For instance, over the past century mainstream economics has offered investment in physical capital, investment in human capital, and geography and natural resources as explanations for differences in economic well-being. In each case, these explanations failed to be satisfactory. Only recently have economists begun to pay attention to culture as an important factor in economic performance. It is within this context that Virgil Storr seeks to contribute to our understanding of economic life in the Bahamas by “...grounding individuals in their historical and cultural context...” (p. 3). In doing so, Storr hopes to offer a richer picture of life in the Bahamas as compared to alternative methods of economic history, such as cliometrics. The first two chapters of the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Review of Virgil Henry Storr’s Enterprising slaves & master pirates: Understanding economic life in the Bahamas,

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Publisher
Springer Journals
Copyright
Copyright © 2007 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/s11138-007-0014-4
Publisher site
See Article on Publisher Site

Abstract

Rev Austrian Econ (2007) 20:205–207 DOI 10.1007/s11138-007-0014-4 BOOK REVIEW Review of Virgil Henry Storr’s Enterprising slaves & master pirates: Understanding economic life in the Bahamas, New York: Peter Lang, 2004, 147pp Christopher J. Coyne Published online: 29 March 2007 Springer Science + Business Media, LLC 2007 The questions of “whether” and “how” culture matters for economic, political, and social development have puzzled social scientists for centuries. Economists have largely neglected these issues, focusing instead on alternative explanations for economic performance. For instance, over the past century mainstream economics has offered investment in physical capital, investment in human capital, and geography and natural resources as explanations for differences in economic well-being. In each case, these explanations failed to be satisfactory. Only recently have economists begun to pay attention to culture as an important factor in economic performance. It is within this context that Virgil Storr seeks to contribute to our understanding of economic life in the Bahamas by “...grounding individuals in their historical and cultural context...” (p. 3). In doing so, Storr hopes to offer a richer picture of life in the Bahamas as compared to alternative methods of economic history, such as cliometrics. The first two chapters of the

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Mar 29, 2007

References

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