Scholarly Comments on Academic Economics

Re-examination of the Theoretical and Historical Evidence Concerning Colonial New Jersey’s Paper Money, 1709–1775: A Further Comment on Grubb


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In a previous comment regarding Farley Grubb’s 2016 Journal of Economic History article on the monetary history of colonial New Jersey, I outline many fatal flaws in his empirical analysis. In his rejoinder, Grubb (2020) suggests that his article’s central contribution lies elsewhere, and hence is untouched by my critique. I turn, therefore, to a discussion of the many flaws in the theoretical analysis and historical evidence used in that article. I conclude by showing how Grubb (2020) manipulated quotations, using omissions, ellipses, and his own fanciful bracketed insertions to justify his alterations to the authoritative data of John McCusker, a central issue in my original comment.