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

Ronald W. Michener

Econ Journal Watch, 2020, vol. 17, issue 2, 305–332

Abstract: 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.

Keywords: United States history; British colonies; currency; redemption theory; monetary history (search for similar items in EconPapers)
JEL-codes: E59 N11 N21 N41 (search for similar items in EconPapers)
Date: 2020
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