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The Strathprints institutional repository is a digital archive of University of Strathclyde research outputs.

Strathprints serves world leading Open Access research by the University of Strathclyde, including research by the Strathclyde Institute of Pharmacy and Biomedical Sciences (SIPBS), where research centres such as the Industrial Biotechnology Innovation Centre (IBioIC), the Cancer Research UK Formulation Unit, SeaBioTech and the Centre for Biophotonics are based.

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Pitfalls in the quest for South Sea rationality

Dale, R. and Johnson, J. and Tang, L. (2007) Pitfalls in the quest for South Sea rationality. Economic History Review, 60 (4). pp. 766-772. ISSN 0013-0117

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Abstract

Shea offers three main criticisms of our article. These relate to the legal status of subscription receipts, the relevance of post-crash trading data and the appropriate treatment of counterparty risk. In sections i-iii we refute Shea's arguments, and in section iv we suggest some further areas for research.