Trevor's Reviews > Invisible Hook: The Hidden Economics of Pirates

Invisible Hook by Peter T. Leeson
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's review
Jun 05, 2011

really liked it
bookshelves: library-stanford-green
Read from May 17 to 18, 2012

Didn't need all the economics justifications but filled with many interesting facts about pirates like how no-one was forced to walk the plank (real tortures were much more gruesome in order to create a fearsome reputation) and that an elected pirate captain wasn't necessarily the most powerful pirate on a ship (on some ships that was the elected quartermaster) and they usually received at most only twice as much as the lowest paid pirates (two shares versus one share of the booty).

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