The Invisible Hook

May 01, 2009

The Invisible Hook

The Invisible Hook

It’s not just that economics can be applied to pirates. Rational choice is the only way to truly understand flamboyant, bizarre, and downright shocking pirate practices. Why, for example, did pirates fly flags with skulls and crossbones? Why did they brutally torture some captives? How were pirates successful? And why did they create “pirate codes”? The answers to these questions lie in the hidden economics of pirates, which only the rational choice framework can reveal. History supplies the “raw material” that poses these questions.

– Peter T. Leeson, The Invisible Hook: The Hidden Economics of Pirates

Fucking economists and their rational choice theory. It’s like when all you have is a hammer, everything looks like a nail. Except for economists, the hammer is made of wheat.

I also enjoyed this book about pirates.

Do you think this guy thought of that awesome title and was like “shit, now I have to write a book.” Kind of like where I’m at with “Triple White Cabriolet”