Elgin Groseclose

Elgin Earl Groseclose (25 November 1899 – 7 April 1983) was an American economist, statesman, and author.

Early life

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

With his wife Louise, he had four daughters, Jane, Nancy, Hildegarde, and Suzy.[1] He died on April 7, 1983.[1]


Economics & History

  • 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 ( )
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