The Secrets of Pirate Management comprises chapter 8 from The Invisible Hook: The Hidden Economics of Pirates, by Peter T. Lesson. Copyright © 2009 by Princeton University Press

Published by Princeton University Press, 41 William Street, Princeton, New Jersey 08540

In the United Kingdom: Princeton University Press, 6 Oxford Street, Woodstock, Oxfordshire OX20 1TW

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Library of Congress Cataloging-in-Publication Data

Leeson, Peter T., 1979–

The invisible hook : the hidden economics of pirates /

Peter T. Leeson.

p.cm.

Includes bibliographical references and index.

ISBN 978-0-691-13747-6 (hardcover : alk. paper)

1. Pirates—History—Economic aspects. 2. Economics.

I. Title.

G535.L44 2009

330—dc22     2008049639

British Library Cataloging-in-Publication Data is available

Princeton Shorts edition, 2012

eISBN 978-1-400-84316-9