Related Individuals
Bettina Bien Greaves, Spouse
Articles
Percy L. Greaves, Jr., 1906-1984, by J. Marcellus, The Journal of Historical Review, 1984
"Mr. Greaves was a free market economist for U.S. News ... A long-time associate and friend of Ludwig von Mises, he served as Armstrong Professor of Economics with Mises at the University of Plano, Texas. He was also a seminar speaker and discussion leader with the Foundation for Economic Education at Irvington-on-Hudson, New York."
"Mr. Greaves was a free market economist for U.S. News ... A long-time associate and friend of Ludwig von Mises, he served as Armstrong Professor of Economics with Mises at the University of Plano, Texas. He was also a seminar speaker and discussion leader with the Foundation for Economic Education at Irvington-on-Hudson, New York."
Writings
Glossary: Central bank, Mises Made Easier, 1974
Related Topic: Central Banking
"An ideal type (q.v.) rather than a scientific term since no two central banks are precisely alike. Almost all modern countries have a central bank which is a large bank operating either as a direct governmental institution or as a private institution whose management is strictly controlled by the government. Most central banks were established by law as the result of a national financial emergency, such as the collapse of a prior credit expansion (U.S. Federal Reserve Banks), or the desire of the government for more funds than it cares or dares to raise through taxes or private loans (Bank of England). Central banks usually attempt to control interest rates, reserve requirements and note issues of the nation's banks and act as the bank of last resort when other banks are pressed for funds while holding investments which the central bank will discount on demand. By such technical procedures, the central bank attempts to control the quantity of 'money in the broader sense' (q.v.) and thus indirectly influence prices, production and employment. Central bank policies are usually determined by a desire to (1) prevent financial panics, recessions or depressions, usually by the expansion of circulation credit (q.v.), and (2) provide the government with funds to cover any deficits not fully covered by funds from private sources."
Related Topic: Central Banking
"An ideal type (q.v.) rather than a scientific term since no two central banks are precisely alike. Almost all modern countries have a central bank which is a large bank operating either as a direct governmental institution or as a private institution whose management is strictly controlled by the government. Most central banks were established by law as the result of a national financial emergency, such as the collapse of a prior credit expansion (U.S. Federal Reserve Banks), or the desire of the government for more funds than it cares or dares to raise through taxes or private loans (Bank of England). Central banks usually attempt to control interest rates, reserve requirements and note issues of the nation's banks and act as the bank of last resort when other banks are pressed for funds while holding investments which the central bank will discount on demand. By such technical procedures, the central bank attempts to control the quantity of 'money in the broader sense' (q.v.) and thus indirectly influence prices, production and employment. Central bank policies are usually determined by a desire to (1) prevent financial panics, recessions or depressions, usually by the expansion of circulation credit (q.v.), and (2) provide the government with funds to cover any deficits not fully covered by funds from private sources."
Glossary: Fascism, Italian, Mises Made Easier, 1974
Related Topic: Fascism
"The policies and principles of the Fascist Party of Italy providing for the complete regimentation of business and the suppression of all opposition. This Party, founded in 1919 by a former socialist editor, Benito Mussolini (1883-1945), marched on Rome in 1922. Mussolini then assumed control of the government and gradually expanded his power until he became an absolute dictator. After the successful Allied invasion of Italy, the Fascists were deposed in 1943 and Mussolini was assassinated by Italian opponents in 1945."
Related Topic: Fascism
"The policies and principles of the Fascist Party of Italy providing for the complete regimentation of business and the suppression of all opposition. This Party, founded in 1919 by a former socialist editor, Benito Mussolini (1883-1945), marched on Rome in 1922. Mussolini then assumed control of the government and gradually expanded his power until he became an absolute dictator. After the successful Allied invasion of Italy, the Fascists were deposed in 1943 and Mussolini was assassinated by Italian opponents in 1945."
Glossary: Inflation, Mises Made Easier, 1974
Related Topic: Inflation
"In popular nonscientific usage, a large increase in the quantity of money in the broader sense (q.v.) which results in a drop in the purchasing power of the monetary unit ... A more precise concept for use in theoretical analysis is any increase in the quantity of money in the broader sense which is not offset by a corresponding increase in the need for money in the broader sense, so that a fall in the objective exchange-value (purchasing power) of money must ensue. ..."
Related Topic: Inflation
"In popular nonscientific usage, a large increase in the quantity of money in the broader sense (q.v.) which results in a drop in the purchasing power of the monetary unit ... A more precise concept for use in theoretical analysis is any increase in the quantity of money in the broader sense which is not offset by a corresponding increase in the need for money in the broader sense, so that a fall in the objective exchange-value (purchasing power) of money must ensue. ..."
Books Authored
Mises Made Easier: A Glossary for Ludwig Von Mises' Human Action, 1974
Related Topic: Ludwig von Mises
Electronic text available at the Ludwig von Mises Institute
Related Topic: Ludwig von Mises
Electronic text available at the Ludwig von Mises Institute
- ISBN 0930902297
: Library Binding, Free Market Books, 2nd edition, 1990
- ISBN 0930902300
: Paperback, Free Market Books, 1990