Search results
Results from the WOW.Com Content Network
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.
Ke – Is used as an abbreviation for Cost of Equity (COE). Ke is the risk-adjusted, theoretical rate of return on a Company's invested excess capital obtained through external investment s. Among other things, the value of Ke and the Cost of Debt (COD) [ 6 ] enables management to arbitrate different forms of short and long term financing for ...
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]
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.
The most prominent offshore use of PMSCs is the armed protection of vessels against pirates. [20] These kinds of armed protection and anti-piracy services at sea are mostly minor operations and only require the presence of security personnel for short periods of time. [21] Five to ten guards are usually sufficient to protect a ship against ...
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 ...
initialism = an abbreviation pronounced wholly or partly using the names of its constituent letters, e.g., CD = compact disc, pronounced cee dee; pseudo-blend = an abbreviation whose extra or omitted letters mean that it cannot stand as a true acronym, initialism, or portmanteau (a word formed by combining two or more words).
February – An act is passed by the House of Assembly of Jamaica (An Act For the Restraining and Punishing Privateers and Pirates. ) prohibiting trade with pirates. March – Pirate hunter Thomas Pain , allegedly commissioned by Jamaican Governor Thomas Lynch , leads a group of privateers in a raid against St. Augustine, Florida however they ...