The Bubble Act: Its Passage and Its Effects on Business Organization
通过考察当代资料，揭示了南海公司在《泡沫法案》通过中的直接参与，认为该法案是为该公司服务的特殊利益立法，其短期动机和有限影响削弱了它作为英国合股公司发展转折点的意义。
By surveying contemporary sources this article reveals direct evidence for the involvement of the South Sea Company in the passage of the Bubble Act. The dominant position of the Company and of its national debt conversion scheme in the affairs of England in 1720 support the conclusion that the act was in fact a piece of special-interest legislation for the Company. The short-term interest that motivated the enactment, together with the limited legal and economic effects of the act, minimized its significance as a turning point in the long-term development of the English joint-stock company.