The South Sea Bubble
An Economic History of its Origins and Consequences.
By Helen Paul
Routledge – 2011 – 176 pages
The book is an economic history of the South Sea Bubble. It combines economic theory and quantitative analysis with historical evidence in order to provide a rounded account. It brings together scholarship from a variety of different fields to update the existing historical work on the Bubble. Up until now, economic history research has not been integrated into mainstream histories of 1720. Technical work on share prices and ledgers has been inaccessible to a wider audience. As well as providing new evidence against the gambling mania argument, the book also interprets the existing economic history scholarship for non-specialists.
1. Introduction 2. The history of the South Sea Company 3. The functioning of the market 4. Investment in the South Sea Company 5. The Aftermath 6. Conclusion
Helen Paul is Research Fellow in Economics at the University of Southampton, UK.