Russ Roberts

Peter Leeson Podcast Episodes and Extras

Category Archive with 1 podcast episodes and extras
 

Podcast episode Leeson on Pirates and the Invisible Hook

EconTalk Episode with Peter Leeson
Hosted by Russ Roberts

Peter Leeson of George Mason University and author of The Invisible Hook talks with EconTalk host Russ Roberts about the economics of 18th century pirates and what we can learn from their behavior. Leeson argues that pirates pioneered a number of important voluntary institutions such as constitutions as a way to increase the profitability of their enterprises. He shows how pirates used democracy and a separation of powers between the captain and the quartermaster to limit the potential for predation or abuse on the part of the captain. He explains the role of the Jolly Roger in limiting damages from conflict with victims. The conversation closes with a discussion of the lessons for modern management.

Size: 33.1 MB
Right-click or Option-click, and select "Save Link/Target As MP3.

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