About a week ago I began scrutinizing how the New York Times’ 1619 Project relied upon the work of the controversial “New History of Capitalism” genre of historical scholarship to advance a sweeping indictment of free markets over the historical evils of slavery. The problems with this literature are many, and prominent among them is its use of shoddy statistical work by Cornell University historian Ed Baptist to grossly exaggerate the historical effect of slave-produced cotton on American economic development. Baptist’s unusual rehabilitation of the old Confederacy-linked “King Cotton” thesis is unsupported by evidence and widely rejected by economic historians. His book The Half Has Never Been Told has nonetheless acquired a vocal following among historians and journalists, including providing the basis of a feature article in the Times series on slavery.
Read MoreCommentary: How Twitter Is Corrupting the History Profession
