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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.
Key sources on the economics of piracy, documented by Pennell (1998) include the following. An early study by Cyrus Karraker ((1953) Piracy was a Business) where Karraker discusses pirates in terms of contemporary racketeering. Patrick Crowhurst who documented French piracy and David Starkey who discussed British 18th century piracy. [2]
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
This is a list of known pirates, buccaneers, corsairs, privateers, river pirates, and others involved in piracy and piracy-related activities. This list includes both captains and prominent crew members. For a list of female pirates, see women in piracy. For pirates of fiction or myth, see list of fictional pirates.
Under the Black Flag : The Romance and the Reality of Life Among the Pirates. New York: Random House. Johnson, David E. 2002. Review: Of Pirates, Captives, Barbarians, and the Limits of Culture. American Literary History 14 (2) (Summer): pp. 358–375. Leeson, Peter T. 2007. An-arrgh-chy: The Law and Economics of Pirate Organization.
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]
Suspected pirates assemble on the deck of a dhow near waters off of western Malaysia, January 2006.. Piracy in the 21st century (commonly known as modern piracy) has taken place in a number of waters around the globe, including but not limited to, the Gulf of Guinea, Gulf of Aden, [1] Arabian Sea, [2] Strait of Malacca, Sulu and Celebes Seas, Indian Ocean, Bay of Bengal and Falcon Lake.
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