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The Invisible Hook: The Hidden Economics of Pirates is a non-fiction book detailing the similarities between economics and piracy.Author Peter T. Leeson (born July 29, 1979), shows in this book how pirates instigated democratic practices for their mutual profit, ideas which preceded the methods of society in the 16th century.
Peter T. Leeson (born July 29, 1979) is an American economist and the Duncan Black Professor of Economics and Law at George Mason University. [1] In 2012 Big Think listed him among "Eight of the World's Top Young Economists". [2]
K – Is used as an abbreviation for 1,000. For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an
Most pirates came from the lowest social classes and went out to sea in search of a better life as well as loot and treasure. [13] As well as these pragmatic and economic reasons, the "spirit of revolt against common oppressors", the oppressors being the governments and societies of nations, helped create pirate democracy.
When someone mentions pirates, images of peg legs, parrots, grand pirate ships, and buried treasure permeate our minds. ... Beneath the skulls were the acronyms ABH (“A Barbadian Head”) and ...
Most pirates in this era were of Welsh, English, Dutch, Irish, and French origin. Many pirates came from poorer urban areas in search of a way to make money and of reprieve. London in particular was known for high unemployment, crowding, and poverty which drove people to piracy. Piracy also offered power and quick riches. [citation needed]
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...
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