Schwartz, Anna Jacobson

Schwartz, Anna Jacobson,

1915–2012, American research economist and financial historian, b. the Bronx, N.Y., grad. Barnard (B.A. 1934), Columbia (M.A. 1935, Ph.D. 1964). An outstanding exponent of monetarismmonetarism,
economic theory that monetary policy, or control of the money supply, is the primary if not sole determinant of a nation's economy. Monetarists believe that management of the money supply to produce credit ease or restraint is the chief factor influencing inflation
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, Schwartz is best known for the three works on American financial history she wrote with Milton FriedmanFriedman, Milton
, 1912–2006, American economist, b. New York City, Ph.D. Columbia, 1946. Friedman was influential in helping to revive the monetarist school of economic thought (see monetarism).
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, especially A Monetary History of the United States, 1867–1960 (1963). She was a research economist at the U.S. Dept. of Agriculture (1936), Columbia's Social Science Research Council (1936–41), and then the National Bureau of Economic Research, where she remained for more than 70 years. In the 1950s and 60s she taught at several New York City colleges and universities. She also wrote Money in Historical Perspective (1987), and wrote, cowrote, or edited other books and dozens of articles and reviews in economics.
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