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In light of the criticism’s leveled at Benjamin and Kochin’s 1979 article in the 1982 Journal of Political Economy, assess how successfully Benjamin and Kochin defended their statistical approach in their 1982 rejoinder.
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In light of the criticism's leveled at Benjamin and Kochin's 1979 article in the 1982 Journal of Political Economy, assess how successfully Benjamin and Kochin defended their statistical approach in their 1982 rejoinder. The extent of criticism in the 1982 Journal of Political Economy aimed at Benjamin and Kochin's 1979 article undermines the accuracy of their statistical approach and therefore undermines the theory that unemployment was high in the interwar period because of the operations and existence of the insurance system. Benjamin and Kochin's attempts to defend their statistical approach are successful to a limited extent. Nonetheless, Benjamin and Kochin are extremely confident that they successfully defended their statistical approach against Cross as they state that, 'indeed, we have found nothing in Cross' comment to suggest that our "bold claim" (as he puts it) is anything other than correct.'1 Benjamin and Kochin's 'bold claim' was that high unemployment in interwar Britain 'was...
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