Did your eyes just glaze over?
Did they do it again?
Seriously, most pirate enthusiasts are all psyched about swashbuckling adventure and high-seas glory – words like “economics” are often considered a fast-track to a coma. And yet, economics is something we’ve likely thought about – and discussed with each other – in excruciating detail time and again without even realizing it. Economics, despite popular conception, isn’t a pile of dry mathematical formulas and bland theories, but rather it’s the science of determining why people do what they do. And when economical theory is aimed at our beloved subject of piracy, it’s rather amazing the sort of things that come to light. (more…)