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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 ...
In economics, demand refers to the strength of one or many consumers' willingness to purchase a good or goods at a range of different prices. If, for example, a rise in income causes a consumer to be willing to purchase more of a good than before contingent on each possible price, economists say that the income rise has caused the consumer's ...
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).
The epithet the Short applies to the following: Charles III of Naples (1345–1386), King of Naples, titular King of Jerusalem and King of Hungary; Dionysius Exiguus (c. 470 – c. 544), a monk, inventor of the Anno Domini era; John the Dwarf (c. 339–c. 405), a Coptic Desert Father of the early Christian church
An abbreviation for “postscript” PIN. Personal identification number. RADAR. Radio detecting and ranging. RIP. Rest in peace (this can also be an initialism, as some people say “r” “i ...
3 People. 4 Ships. 5 Sports. Toggle Sports subsection. 5.1 United Kingdom. 5.2 United States. ... Pirates 4-D, a 1999 3-D short attraction film primarily used in ...