Elgin Groseclose

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Elgin Groseclose
Born 1899
Waukomis, Oklahoma, U.S.
Died April 7, 1983
Cause of death stroke
Occupation Economist
Spouse(s) Louise Groseclose
Children 4 daughters

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

Early life[edit]

Elgin Groseclose was born in 1899 in Waukomis, Oklahoma.[1]


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.[1] He also headed the Persian Relief Commission and wrote a book entitled Introduction to Iran.

Groseclose was the author of many books. 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.[1] The annual Discovery identified "outstanding merit which failed to receive adequate sales and recognition".[2]

Groseclose was the co-founder of Groseclose, Williams and Associates, a consulting firm.[1] He testified before the United States House of Representatives in favor of the silver standard and against foreign aid.[1]

Groseclose served as the president of the Washington City Bible Society.[1]

Personal life and death[edit]

With his wife Louise, he had four daughters.[1] He died on April 7, 1983.[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. ^ a b c d e f g h "Elgin Groseclose, 83, Author and Economist". The New York Times. April 7, 1983. Retrieved September 10, 2016. 
  2. ^ "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).