Friday, May 13, 2011

Workers' Compensation and Pirates?

Celebrating the 100th anniversary of workers' comp (first state: Wisconsin), a blog links it to the compensation schemes pirates used for crew members injured at work. Workers Compensation Law | American Workers’ Compensation Law Turns 100 (Ahoy!), Injury at Work, April 25, 2011.

If you'd like to read more about how eighteenth-century pirates* organized their enterprises, see Peter T. Leeson, The Invisible Hook: The Hidden Economics of Pirates (2009). I LOVE that title. And, after I was attracted by the title, I found that the book was very interesting, too!  Arrrrrgh!

*Contemporary pirates, e.g., in the Indian Ocean, have much different organizations.

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