Anna Schwartz

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Anna Schwartz
Anna Schwartz.jpg
Occupation Economist

Anna Schwartz was a well-known U.S. economist. She spent her career at the National Bureau of Economic Research in New York.[1] She co-authored books with Milton Friedman about monetary policy.[2] She passed away at the age of 96 in 2012.


She is considered a pioneering monetarist and was one of the founders, in 1973, of the Shadow Open Market Committee.

The first book Schwartz wrote with Friedman was “A Monetary History of the United States, 1867-1960." Published in 1963, the book advanced the idea that the Great Depression had been triggered by the central bank’s reduction in the U.S. money supply from 1928 until the early 1930s. That contradicted the prevailing view that it had resulted from the 1929 stock-market crash. In all, Schwartz wrote or edited nine books on monetary policy, including three with Friedman. Friedman won the Nobel Prize in 1976 for work that included his projects with Schwartz.[3]


Schwartz graduated from Barnard College and went on to earn her Master’s Degree in economics from Columbia University. [4]


  1. Anna Schwartz, Pioneering Monetarist. Bloomberg.
  2. Biography: Milton Friedman. Library of Economics and Liberty.
  3. Anna Schwartz, Economist Milton Friedman’s Co-Author, Dies at 96. Bloomberg Businessweek.
  4. Anna Jacobson Schwartz. National Women's Hall of Fame.