Through the Blockade: The Profitability and Extent of Cotton Smuggling, 1861–1865
研究了美国内战期间北方封锁南方时棉花走私的盈利性和规模，发现虽然走私看似暴利，但船只被捕获的风险很高，实际成功穿越封锁的船只比例很小。
Although cotton smuggling through the North's blockade of the South during the American Civil War has often been viewed as a highly profitable activity, only a small percentage of blockade-running ships made more than one run. New figures for capture rates reconcile these observations by showing that the risks of blockade running were substantial. Estimates are also provided for the amount of cotton smuggled through the blockade and of its disposition between the North and Europe.