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Title : The Fence Continues: Did Friedman As Well As Schwartz Actually Fudge Their Data?
link : The Fence Continues: Did Friedman As Well As Schwartz Actually Fudge Their Data?

The Fence Continues: Did Friedman As Well As Schwartz Actually Fudge Their Data?

Jeffrey Rogers Hummel, a fellow member of the faculty at San Jose State University, emails a link to his give-and-take on the topic.

The brusque version:

Since its publication inward 1963, Milton Friedman together with Anna Jacobson Schwartz’s A Monetary History of the United States has stood equally a monumental scholarly accomplishment. Even critics of Friedman’s Monetarism cause got admired the work’s meticulous historical research, specially its reconstruction of a information serial on several measures of the U.S. coin stock going dorsum to 1867. Almost all subsequent researchers cause got accepted together with employed Friedman together with Schwartz’s numbers.

Recently, however, about cause got implied that Friedman together with Schwartz fudged their information or cooked their numbers....

These charges are real serious, but on unopen evidence they plough out to move based precisely on misrepresentations or misunderstandings of about relatively fry together with arcane criticisms of Friedman together with Schwartz’s analysis of the velocity of coin that they published inward a book that appeared inward 1982, nearly ii decades afterward their Monetary History came out. These criticisms, whether valid or not, create non challenge the accuracy of the numbers inward the Monetary History but inward fact rely on those real numbers.

Here is his total paper: Did Friedman together with Schwartz Fudge Their Data? Not So Fast…

 -RW

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