Abstract
While pirates were certainly cruel and violent criminals, pirate ships were hardly the floating tyrannies of popular imagination. As a fascinating new paper (pdf) by Peter Leeson, an economist at George Mason University, and ``The Republic of Pirates,'' a new book by Colin Woodard, make clear, pirate ships limited the power of captains and guaranteed crew members a say in the ship's affairs. The surprising thing is that, even with this untraditional power structure, pirates were, in Leeson's words, among ``the most sophisticated and successful criminal organizations in history.''
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