Peter T. Leeson
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Peter T. Leeson
Peter T. Leeson (born July 29, 1979) is an American economist and the Duncan Black Professor of Economics and Law at George Mason University. The website Big Think listed him in 2012 among "Eight of the World's Top Young Economists". He is a Fellow of the Royal Society of Arts. Leeson is known for extending rational choice theory into unusual domains, such as to the study of bizarre rituals and superstitions, and to the behavior of Caribbean pirates. As ''Freakonomics'' coauthor Steven Levitt put it, “the amazing thing about Pete Leeson is that he takes these crazy topics and through a brilliant mix of meticulous historical research, data gathering, and creative economic thinking he shows that these seemingly nonsensical practices actually make a whole lot of sense… I can’t think of another economist whose work has so consistently blown my mind.” According to the American Institute for Economic Research’s Art Carden, “to the extent that the economics profession ha ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Pirates
Piracy is an act of robbery or criminal violence by ship or boat-borne attackers upon another ship or a coastal area, typically with the goal of stealing cargo and other valuable goods. Those who conduct acts of piracy are called pirates, vessels used for piracy are pirate ships. The earliest documented instances of piracy were in the 14th century BC, when the Sea Peoples, a group of ocean raiders, attacked the ships of the Aegean and Mediterranean civilisations. Narrow channels which funnel shipping into predictable routes have long created opportunities for piracy, as well as for privateering and commerce raiding. Historic examples include the waters of Gibraltar, the Strait of Malacca, Madagascar, the Gulf of Aden, and the English Channel, whose geographic structures facilitated pirate attacks. The term ''piracy'' generally refers to maritime piracy, although the term has been generalized to refer to acts committed on land, in the air, on computer networks, and (in scienc ...
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Jolly Roger
Jolly Roger is the traditional English name for the flags flown to identify a pirate ship preceding or during an attack, during the early 18th century (the later part of the Golden Age of Piracy). The flag most commonly identified as the Jolly Roger today — the skull and crossbones symbol on a black flag — was used during the 1710s by a number of pirate captains including Black Sam Bellamy, Edward England, and John Taylor. It went on to become the most commonly used pirate flag during the 1720s, although other designs were also in use. Name Use of the term ''Jolly Roger'' in reference to pirate flags goes back to at least Charles Johnson's ''A General History of the Pyrates,'' published in Britain in 1724. Johnson specifically cites two pirates as having named their flag "Jolly Roger": Bartholomew Roberts in June 1721 and Francis Spriggs in December 1723. While Spriggs and Roberts used the same name for their flags, their flag designs were very different, suggesting t ...
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Democracy
Democracy (From grc, δημοκρατία, dēmokratía, ''dēmos'' 'people' and ''kratos'' 'rule') is a form of government in which the people have the authority to deliberate and decide legislation (" direct democracy"), or to choose governing officials to do so ("representative democracy"). Who is considered part of "the people" and how authority is shared among or delegated by the people has changed over time and at different rates in different countries. Features of democracy often include freedom of assembly, association, property rights, freedom of religion and speech, inclusiveness and equality, citizenship, consent of the governed, voting rights, freedom from unwarranted governmental deprivation of the right to life and liberty, and minority rights. The notion of democracy has evolved over time considerably. Throughout history, one can find evidence of direct democracy, in which communities make decisions through popular assembly. Today, the dominant form of ...
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Invisible Hook
''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. Leeson is an economics professor who has been credited with several respected positions throughout his career. Growing up with a strong admiration for pirates, he was inspired by piracy and how it intertwined with economics. The Invisible Hook explores several economic phenomena, including signaling and branding. The book also explores other themes including the implementation of democracy and constitutions, as well as tolerance and the use of conscription. The book has been academically criticised, with many scholars praising Leeson’s work for the books’ interesting insights and well thought-out ideas. The book also has opposing evaluations w ...
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Cigar
A cigar is a rolled bundle of dried and fermented tobacco leaves made to be smoked. Cigars are produced in a variety of sizes and shapes. Since the 20th century, almost all cigars are made of three distinct components: the filler, the binder leaf which holds the filler together, and a wrapper leaf, which is often the highest quality leaf used. Often there will be a cigar band printed with the cigar manufacturer's logo. Modern cigars often come with two bands, especially Cuban cigar bands, showing Limited Edition (''Edición Limitada'') bands displaying the year of production. Cigar tobacco is grown in significant quantities primarily in Central America and the islands of the Caribbean, including Cuba, the Dominican Republic, Haiti, Honduras, Mexico, Ecuador, Nicaragua, Guatemala, Costa Rica, Panama, and Puerto Rico; it is also produced in the Eastern United States, Brazil and in the Mediterranean countries of Italy and Spain (in the Canary Islands), and in Indonesia and the P ...
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London School Of Economics
, mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 million (2020–21) , chair = Susan Liautaud , chancellor = The Princess Royal(as Chancellor of the University of London) , director = The Baroness Shafik , head_label = Visitor , head = Penny Mordaunt(as Lord President of the Council '' ex officio'') , students = () , undergrad = () , postgrad = () , city = London , country = United Kingdom , coor = , campus = Urban , free_label = Newspaper , free = '' The Beaver'' , free_label2 = Printing house , free2 = LSE Press , co ...
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Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ...
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Peter Boettke
Peter Joseph Boettke (; born January 3, 1960) is an American economist of the Austrian School. He is currently a professor of economics and philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, vice president for research, and director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at GMU. Early life and education Boettke was born and raised in Rahway, New Jersey, to Fred and Elinor Boettke. In high school and college, he played for the school basketball and tennis teams. He attended Thiel College in Greenville, Pennsylvania and later Grove City College in nearby Grove City, Pennsylvania. At Grove City, he became interested in economics when he took a course taught by Hans Sennholz, and there he developed his religious convictions. After completing a B.A. (1983) in economics at Grove City, Boettke attended George Mason University where he earned an M.A. (1987) and a Ph.D. (1989) in eco ...
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Northwood University
Northwood University (NU) is a private university focused on business education with its main campus in Midland, Michigan. Opened in 1959, more than 33,000 people have graduated from the institution. History Northwood University opened as Northwood Institute in 1959 by Arthur E. Turner and R. Gary Stauffer. One hundred students enrolled at the new school, which was initially located in a 19th-century mansion in Alma, Michigan. Northwood Institute moved to Midland, Michigan, in 1961. The Jesuits operated a seminary known as ''West Baden College'' at the former West Baden Springs Hotel, in Orange County, Indiana, from 1934 until June 1964, when declining enrollment forced the closure of the facility. They sold the property to a Michigan couple, who in turn donated it to Northwood Institute, which operated a satellite campus of their business management school under the great dome on the property from 1966 until 1983, when it was closed. During the same time frame during which the ...
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Lawrence W
Lawrence may refer to: Education Colleges and universities * Lawrence Technological University, a university in Southfield, Michigan, United States * Lawrence University, a liberal arts university in Appleton, Wisconsin, United States Preparatory & high schools * Lawrence Academy at Groton, a preparatory school in Groton, Massachusetts, United States * Lawrence College, Ghora Gali, a high school in Pakistan * Lawrence School, Lovedale, a high school in India * The Lawrence School, Sanawar, a high school in India Research laboratories * Lawrence Berkeley National Laboratory, United States * Lawrence Livermore National Laboratory, United States People * Lawrence (given name), including a list of people with the name * Lawrence (surname), including a list of people with the name * Lawrence (band), an American soul-pop group * Lawrence (judge royal) (died after 1180), Hungarian nobleman, Judge royal 1164–1172 * Lawrence (musician), Lawrence Hayward (born 1961), British musician * ...
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Mackinac Center For Public Policy
The Mackinac Center for Public Policy () in Midland, Michigan, is the largest U.S. state-based free market think tank in the United States. The Mackinac Center conducts policy research and educational programs. The Center sponsors MichiganVotes.org, an online legislative voting record database which provides a non-partisan summary of every bill and vote in the Michigan legislature. Mackinac Center scholars generally recommend lower taxes, reduced regulatory authority for state agencies, right-to-work laws, school choice, and enhanced protection of individual property rights; they avoid socially conservative issues such as reproductive or marriage rights. Joseph P. Overton, (1960–2003), a senior vice president of the Mackinac Center, stated the political strategy that later became known as the Overton window. Overton said that politically unpopular, unacceptable policies must be changed into politically acceptable policies before they can be enacted into law. The Center was ran ...
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