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Sir George Caswall vs. the Duke of Portland: Financial Contracts and Litigation in the wake of the South Sea Bubble

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Author Info
Gary S. Shea ()

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Abstract

An investigation into the legal wrangles between the first Duke of Portland and his financial antagonists, in particular Sir George Caswall, helps illustrate the nature of private financial contracting during the South Sea Bubble. It also illustrates the special costs of enforcing such contracting after the Bubble. This paper is but a beginning to a wider study of the legal aftermath of the Bubble and the contribution of early modern financial contracting to the general law of contract.

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File URL: http://www.st-andrews.ac.uk/economics/CDMA/papers/wp0605.pdf
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Publisher Info
Paper provided by Centre for Dynamic Macroeconomic Analysis in its series CDMA Working Paper Series with number 0605.

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Date of creation: Apr 2006
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Handle: RePEc:san:cdmawp:0605

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Postal: School of Economics and Finance, University of St. Andrews, Fife KY16 9AL
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Related research
Keywords: South Sea Company Bentinck family Financial Revolution Bubble Act legal history.

Find related papers by JEL classification:
G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913

This paper has been announced in the following NEP Reports:

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  1. Gary S. Shea, 2005. " Financial Market Analysis Can Go Mad (in the search for irrational behaviour during the South Sea Bubble)," CDMA Working Paper Series 0508, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
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This page was last updated on 2008-9-15.


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