Elgin Groseclose

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Elgin Earl Groseclose (1899–1983) was an American economist, statesman, and author.

After working as special assistant to Arthur Millspaugh's economic mission in Persia, he was appointed Treasurer-General of Persia by the order of the parliament of Iran in 1943. He also headed the Persian Relief Commission and wrote a book entitled Introduction to Iran.

For Ararat, an adventure novel set in Armenia, he won a National Book Award as the Bookseller Discovery of 1939, voted by members of the American Booksellers Association. The annual Discovery identified "outstanding merit which failed to receive adequate sales and recognition".[1]


Economics & History[edit]

  • Introduction to Iran (1947)
  • Money: The Human Conflict (1934)
    • 2nd–4th editions retitled Money and Man[1] (1961, 1967, 1976)
  • Fifty Years of Managed Money: The Story of the Federal Reserve (1966)
    • 2nd edition retitled America's Money Machine: The Story of the Federal Reserve[2] (1980)


  • The Persian Journey of the Reverend Ashley Wishard and His Servant Fathi (1937)
  • Ararat (1939, National Book Award, American Booksellers Award, Foundation for Literature Award)
  • The Firedrake (1942)
  • The Carmelite (1955)
  • The Scimitar of Saladin (1956)
  • The Kiowa (1978)
  • Olympia (1980)


  • Never a Blare of Trumpets ( )

Institute for Monetary Research Monographs[edit]

  • Post-War Near Eastern Monetary Standards (1944)
  • The Decay of Money (1962)
  • Money, Man and Morals (1963)
  • Silver as Money (1965)
  • The Silken Metal – Silver: Past, Present, Prospective (1975)

See also[edit]


  1. ^ "1939 Book Awards Given by Critics: Elgin Groseclose's 'Ararat' is Picked as Work Which Failed to Get Due Recognition", The New York Times, February 14, 1940, page 25. ProQuest Historical Newspapers The New York Times (1851-2007).