Economist Anna Schwartz passed away on June 21st after a long
illness. She was 96.
Schwartz was best known for her collaborations with Milton
Friedman. In 1963, Schwartz and Friedman co-authored A Monetary
History of the United States, 1867-1960. Schwartz and Friedman
made the case the Great Depression was caused by the tight money
policy of the Federal Reserve rather than the Stock Market Crash of
1929.
A case could be made that
Schwartz should have shared in the Nobel Prize in Economics
that was bestowed upon Friedman in 1976.
In July 2009, Schwartz wrote an op-ed for The New York
Times in which
she called upon President Obama not to re-appoint Ben Bernanke
to another term as Chairman of the Federal Reserve.
Here is a list of Schwartz’s
publications with the National Bureau of Economic Research.