Peter Leeson on Pirates, Anarchy, and the Economic Way of Thinking

Here’s an interview with my former professor Peter Leeson. If the video below doesn’t work, try clicking here. His insights on formal versus informal institutions are worth pondering. I also like his enthusiasm for popularizing the economic way of thinking. Too many economists are reluctant to share its insights outside the profession.

Pete’s book about the economics of pirates, The Invisible Hook, is also worth reading.