Posted on December 9, 2009 by Bill Petti
Tyler Cowen at Marginal Revolution points to an interesting article about how the large inflow of ransom dollars into Somalia as a result of piracy is leading to all sorts of changes in the social and economic structure of various coastal communities, not all of it good according to many residents. Many of these are [...]
Filed under: Uncategorized | Tagged: Economics, piracy | 1 Comment »
Posted on December 2, 2009 by Bill Petti
“Chirol” of Coming Anarchy (which is a fantastic blog for those interested in global and comparative politics) comments on the recent news that Somali pirates have set up what amounts to a stock exchange to help fund their operations. Chirol quotes from the original Reuters story: It is a lucrative business that has drawn financiers [...]
Filed under: Uncategorized | Tagged: Economics, incentives, piracy, political risk | 2 Comments »
Posted on August 22, 2009 by Bill Petti
Christopher Penn crafts an interesting piece arguing that piracy (i.e. copyright infringement) is, among other things, a market signal: Piracy indicates that something is sufficiently valuable enough that it’s worth stealing. It’s worth making an illegal copy and spreading without compensating the creator. Do you want the most accurate, unbiased, unmanipulated measure of how popular [...]
Filed under: Uncategorized | Tagged: copyright, market signals, piracy, signals, value | 4 Comments »