ABSTRACT
This is not a quick course in statistics. Two of the authors in the readings typify alternative approaches. Harris attempts to find Milton Friedman’s ‘empirical regularities’ in the field of monetary economics, while Laidler more productively, concentrates on testing the reliability of relationships produced by monetary theories. Laidler is not concerned with determining whether everyone agrees on precise quantitative results, but rather whether the broad range of results corroborates the relations of specific theories.
