In this volume, eminent economist Charles Kindleberger sets out to challenge the widespread belief that the market for seafarers, in the days before steam, was efficient, conforming more or less to a strong prior belief in the neo-classical economic model of supply and demand.
Maritime history is traditionally strewn with references to crimping or shanghaiing, naval press-gangs, desertion, mutiny, marooning and shipwrecks due to drunkenness...