Wtf: An Economical History Of The Weird

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Wtf: An Economical History Of The Weird



Peter T. Leeson,WTF: An Economic History of the Weird, CA: Stanford University Press, 2017. fourteen + 246 Pages. $27.95 (paperback).

Reviewed by Mark Koyama.

Pete Leeson is non your everyday economist. And WTF is non anordinary economic science book. Leeson describes WTFas an economical tour of
weird. The mass is structured equally an eccentric tour hosted past times the garrulous host (whose natural language is held firmly inwards cheek throughout). Accompanying the reader on this tour is the charming Ania (the author’s wife), a grumbling economist perennially disappointed at the lack of rigor as well as equations inwards the book, an angry priest,and a host of othercharacters who produce got kid walk-onparts.

The tour encompasses many instants of odd as well as seemingly bizarre institutions taken from history or anthropology. As each chapter or tour halt is based on ane or to a greater extent than peer-reviewed article written past times the author, at that topographic point is intellectual essence to the entertainment. And it should endure stressed from the get-go that the mass is entertaining. Leeson has develop out to write a compulsively readable as well as accessible book. Many authors claim that theirwork could endure enjoyably read past times a non-academic,but unusually this mass genuinely delivers on this promise. It for certain deserves pop success.

Beyond existence a breezy read, Leeson besides raises some abiding as well as of import social scientific questions. The promiseof the bookis that some of the most startling as well as odd instances of human behaviour –including vermintrials inwards Renaissance Europe, lawsuit past times ordeal as well as battle inwards the middle ages, Gypsy rules of social defilement, as well as married adult woman sales –can endure explained through elementary economical reasoning. Leeson’s tour deliverson this promise. This is some achievement given the apparent craziness of some of the institutionsunder study. But readers familiar alongside Leeson’s enquiry volition non endure surprised that he is able to tease out how such social arrangementscan tending resolve diverse social dilemmas.

Let me accept a specific chapter to illustrateLeeson’s reasoning. Renaissance French Republic as well as Italy saw occasional trials of rats, locusts,and other pests for damaging costs. Several things are puzzling, non to say astonishing,about these trials. First, they seemed to endure taken seriouslyby plaintiffs as well as courts alike. Second, the creature defendants were treated equally if theywerefully rational humans alongside legal rightsand, for instance, given defence attorneys. Third,these trials didn’t accept house inwards the early on middle ages,but inwards the historic menstruum of Leonardo da Vinci as well as Galileo.

Leeson argues the vermin trials were closely linked to the employment of revenue enhancement evasion. The Catholic Church was reliant on tithe payments—typically a 10th of agricultural output. But it was slow for farmers to understate this output as well as thence pay less taxes than they owed. Given the difficulties of monitoring this output straight inwards the preindustrial period, theChurch relied on supernatural punishments to sanction tithe evaders. As Leeson stresses throughout the book, such supernatural threats tin endure extremely potent. To the extent that the public believed inwards these punishments, they would execute automatically as well as thence effectively deter evasion. How were vermin trials linked tothe employment of tithe evasion?

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