Background
Greaves,, Percy Laurie was born on August 24, 1906 in Brooklyn. Son of Percy Laurie and Grace I. (Dodge) Greaves.
(In the year that the United States government removed the...)
In the year that the United States government removed the last vestiges of the gold standard, and Nixon closed the gold window forever, nonstop dollar turmoil was unleashed. In that same year, Percy L. Greaves, a student of Ludwig von Mises's, released a blockbuster of a book that sought to explain the crisis. It was a huge seller and taught a generation to think like Austrian economists, who, after all, were the only ones offering a coherent explanation of events. Greaves's widow Bettina Bien Greaves, gave her permission for a reprint of this book, on the occasion of the current dollar crisis. What's remarkable is how Percy's analysis holds up in nearly every way, after all these years. He begins by clarifying that in order to understand the dollar crisis, one must understand much more: what is economics, what is the difference between price and value, what is money and how did it originate, how did the gold standard come about and what its role its, the causes of the business cycle, and much more. What he did was produce an excellent primer on monetary economics that still retains its value. Mises himself write the foreword to the book: "These seven lectures are not merely a substitute for a textbook on economics. They are much more. They are an attempt to analyze and to explain the meaning and the effects of the various systems, methods, and measures of economic policies. 334 pages, paperback, 2008
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Greaves,, Percy Laurie was born on August 24, 1906 in Brooklyn. Son of Percy Laurie and Grace I. (Dodge) Greaves.
Bachelor of Science in Business, Syracuse University, 1929. Postgraduate in economics, Columbia University, 1933—1934. Postgraduate in economics, New York University, 1950—1969.
Doctor of Science (honours), University Francsco Marroquin, Guatemala.
Bookkeeper American Trading Company, 1923—1924. Exec.trainee, assistant advertising manager Gillette Safety Razor Company, 1929—1932. Advertising training Battenk, Barton, Durstine & Osborn, 1930.
Instructor economics and foreign trade Young Men’s Hebrew Association, 1933—1934. Finance editor, research economist United States News, 1934—1936. Advertising manager European Subsidiary Pet and Carnation Milk Companies, 1936—1938.
Advertising and public relations executive Metropolitan Life Insurance Company, 1938—1943. Associate research director Republican National Committee, 1943—1945. Chief minority staff Joint Congressional Committee on Investigation Pearl Harbor Attack, 1945—1946.
Executive director Foundation for Freedom, Inc., 1946—1948. Expert House Committee on Education and Labor, 1947, economic consultant, writer, lecturer, 1984. Economic advisor, columnist Christian Freedom Foundation, 1950—1958.
Guest lecturer economics Freedom School, Inc., 1957—1961. Guest lecturer Foundation Economic Education, 1961—1967. Armstrong professor economics University Plano, 1965—1971.
President Free Market Books, since 1974.
(In the year that the United States government removed the...)
Member executive board American Party, 1976—1980. Presidential candidate, 1980. Member of American History Association, American Economic Association, Phi Kappa Phi, Beta Gamma Sigma.
Married Edith Leslye Platt, August 23, 1930. Children: Richard L., Muriel A., Charles Flint. Married Bettina Herbert Bien, June 26, 1971.