Background
Greenhut, Melvin Leonard was born on March 10, 1921 in New York City. Son of Ab and Lillian (Frudman) Greenhut.
(The question whether God prevails or not is a vital one f...)
The question whether God prevails or not is a vital one for many disciplines that are taught in colleges and universities, as well as for each academician personally and intellectually. In addressing this issue, Our Teleological Economic World takes a pathfinding approach by demonstrating at a scholarly level, that economic science joins physical science in affirming an Intelligent Design of the universe. Throughout the manuscript, extending from classical to advanced microeconomic and macroeconomic analyses, the authors establish correlative correspondences with those of physical science.
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Greenhut, Melvin Leonard was born on March 10, 1921 in New York City. Son of Ab and Lillian (Frudman) Greenhut.
Bachelor of Arts Hofstra University, 1940. Master of Arts, Doctor of Philosophy Washington University, 1947, 1951.
Assistant Professor, Auburn University,
Alabama, 1948-1952. Chief Economics, United States Office Price Statistics, Birmingham, 1952. Association Professor, Mississippi State University, 1952-1953.
Professor Business and Economics, Chairman Division, Rollins, 1953-1957. Association Dean, School Business, University Richmond, 1959-1962. Professor, Florida State University, 1957-1959, 1962-1966.
Visiting Professor Business, Michigan State University, 1963. Professor of Economics, Texas A&M University,
1966-1969. Visiting Professor, Universities Cape Town, 1971, Mannheim, 1973, Pittsburgh, 1976.
Adjunct Professor, University Karlsruhe,
1978. Alumni Distinguished Professor of Economics, Texas A&M University, United States of America, since 1969. Consulting Editor, Industrial Development 1959-1962.Editor, Southern Economic Journal, 1966-1968.
(The question whether God prevails or not is a vital one f...)
Early work was centred on plant location theory, particularly the demand factor of location. This emphasis stemmed from the writings of Losch which contrasted sharply with the traditional focus on cost factors, e.g. transport costs, labour costs, taxes. In classical location theory, markets were conceived at a point, a counterpart spatial framework to perfect competition.
Via Losch’s market area approach, as evaluated and developed further in my early writings, the theory of plant location was found to involve oligopolistic interdependencies. The premise that industrial location entails substitution among cost and demand factors opens up a Pandora’s box since the latter factor finds expression in the effects of different demand curve convexities on pricing systems. The box includes the question of welfare maximisation in a spatial world
where competitive firms can discriminate in prices.
Indeed, empirical studies in several nations have lent reality to theoretical findings (and expectations) of discriminatory pricing rather than f.o.b. mill (perfectly competitive) pricing.
Besides requiring a determinate theory of oligopoly, resolving shortand long-run locations of firms, and ascertaining the market spaces over which firms sell, the subject of spatial economics extends well beyond that of location theory. In a recent book by L. Philips, pricing over space was viewed as counterpart to pricing over time. The fees of medical doctors, the prices of utility companies, of banks offering unlimited versus limited checking facilities, the bundling of goods, the use of multinational corporations and their impacts on international trade theory, all are part of the analytical techniques (framework) of spatial economics.
That a microworld predicated an oligopolistic markets portends a different foundation for evaluating macro-theories and for prescribing policies recently led me to combine my interest in spatial economics with an interest in the Keynesian-MonetaristSupply-Side controversy.
Member national economic policy committee and economic advisory council United States Chamber of Commerce, 1960-1963. Major United States Army. Member American Economic Association, Southern Economic Association (past vice president), Regional Science Association (councillor), Royal Economic Society, Econometric Society, Delta Chi, Omicron Delta Gamma.
Married Elmara Margaret Griffith, March 24, 1944. Children: Margaret Lee, Pamela Jo, John Griffith, Patricia Lynn.