Piracy: a symphony of spontaneous order

By Megan McArdle

There's an old joke that I used to hear occasionally on British television shows: "It's not theft--it's socialism!" I couldn't help but think of it repeatedly as I read this paper on self-organizing institutional arrangements among pirates, which bears some disturbing similarities to an hours-long anarcho-capitalist bull session.

This article available online at:

http://www.theatlantic.com/business/archive/2008/02/piracy-a-symphony-of-spontaneous-order/2734/