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
The Review of Austrian Economics – Springer Journals
Published: Mar 29, 2007
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
All the latest content is available, no embargo periods.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud