corner.nationalreview.com - 4/13/2009
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Monday, April 13, 2009 Want to Prevent Piracy? Privatize the Ocean [ Peter T. Leeson ] Following the freeing of American ship captain Richard Phillips from a band of Somali pirates Sunday, commentators have turned their attention to what can be done to control and prevent future piracy. ...
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Want to Prevent Piracy?
The Austrian Economists —
... My suggestion about how to do so over at NRO.
Here's a hint, which is also the last line of my NRO post:
"Establishing private property rights where they don’t currently exist is the solution to about 90 percent of world’s economic problems. Piracy is no exception." ...
Rum, Sodomy and the Nash redux
Crooked Timber —
... , feel free to chime in) and merely note that these views presents an interesting question for the Princeton people charged with publicizing his book. On the one hand, piracy and Somalia are surely topical issues, but on the other, professor Leeson’s views on piracy and the benefits of Somalian political organization are likely to be unpopular with many people (his current proposed solution for the Somalian piracy problem, by the way, is to privatize the ocean). ...
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