How one economist fundamentally reshaped our understanding of the Great Depression and the Fed.
This video explores the life and legacy of Anna Jacobson Schwartz, a titan of 20th-century monetary economics. Discover how her academic journey began during the Great Depression and led to a collaboration that continues to influence Federal Reserve policy today.
Anna Jacobson Schwartz was a pivotal figure in monetary economics whose work transformed how we interpret the Federal Reserve and the economic collapse of the 1930s. Her interest in the field was sparked by a high school economics course taken during the onset of the Great Depression, a period that defined her lifelong research agenda.
Schwartz is best known for her seminal collaboration with Milton Friedman, 'A Monetary History of the United States.' This work remains a cornerstone of economic literature, and its findings continue to shape the operational framework of the Federal Reserve in the modern era.
