A CRITICAL EVALUATION OF PETER LEESON’S ARGUMENTS ABOUT PIRACY
Abstract
The purpose of this review is to critically evaluate Peter Leeson’s paper in which he argues that piracy as profit-seeking criminal activity may produce socially desirable outcomes and achieve a social order and then, concludes that criminals’ self-interested and profit-seeking activities are capable of producing public benefits in the context of invisible hand. More precisely: the purpose is to critically discuss and evaluate Leeson’s general conclusion, line of reasoning and to present counter-arguments in the context of invisible hand and pirates’ relative racial tolerance policy towards black sailors in their crews. Leeson tries to investigate the political economic and social impacts of piracy in the late seventeenth and early eighteenth century and argues that black crew members’ economic and social status in pirate ships were more progressive compare to the legitimate merchant ships. Leeson reads black crew members’ status in pirate ships as an improvement in racial equality, economic and social justice. Therefore, he concludes that self-interested and profit-seeking criminal activities are capable of producing socially laudable outcomes. In contrast to Leeson, the argument in this review is that self-interested and profit-seeking criminal activities are not capable of producing socially laudable outcomes.
Keywords
References
- [1] LEESON, P. T. (2009). “The Invisible Hook: The Law and Economics of Pirate Tolerance”. New York University Journal of Law and Liberty. Retrieved from Peter T. Leeson’s website: https://www.peterleeson.com/The_Invisible_Hook.pdf (Access Date: 01.10.2019)
- [2] MALTHUS, T.R. (1798). An Essay on the Principle of Population. (D. Winch, Ed.). The Press Syndicate of the University of Cambridge, 1992. p. 13-20.
- [3] LOCKE, J. (1689). Two Treatises of Government and A Letter Concerning Toleration (Rethinking the Western Tradition). (I. Shapiro, Ed.). Yale University, 2003. p. 141-142.
- [4] LOCKE, J. (1689). Ibid., p. 100-111.
- [5] LOCKE, J. (1689). Ibid., p. 101-103.
- [6] LOCKE, J. (1689). Ibid., p. 102-142.
- [7] LOCKE, J. (1689). Ibid., p. 141-157.
- [8] SMITH, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. Edinburgh: Printed at the University Press for Thomas Nelson and Peter Brown, Harvard College Library, 1827. p. 184.
Details
Primary Language
English
Subjects
-
Journal Section
Review
Authors
Özgenur Aktan
*
0000-0003-1026-2445
Türkiye
Publication Date
November 29, 2019
Submission Date
October 14, 2019
Acceptance Date
November 28, 2019
Published in Issue
Year 2019 Volume: 15 Number: 2