Behaviour Quote by Peter Middlebrook
“Pirates are the very essence of profit maximising entrepreneurs described in neoclassical economics. Yet, whilst films such as 'The Pirates of the Caribbean' and 'Butch Cassidy and the Sundance Kid' have gone a long way to popularise both pirates and outlaw behaviour, the truth of the matter is that piracy is illegal, and it kills.”
About This Quote
Source Article: Piracy and Economics, 2010
Describes pirates as profit-driven entrepreneurs, but stresses piracy’s illegality and deadly consequences.
In simple terms: Pirates are profit seekers, yet illegal and harmful.
Respect law and ethical business.
Themes
Mood
Type
When to use this quote
- business strategy
- legal alternatives
- policy making
Key Concepts
Questions to Reflect On
- How can we channel entrepreneurial spirit legally?
- What policies reduce piracy effectively?
Some view piracy as a form of resistance against monopolies.