Thomas H. Greco, Jr.
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Thomas Henry Greco Jr. (born October 9, 1936) is a community economist, who writes and consults on monetary exchange alternatives, including private credit clearing systems, complementary currencies and
local currencies In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community curren ...
.


Education and career

Greco earned his
bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to si ...
in
chemical engineering Chemical engineering is an engineering field which deals with the study of operation and design of chemical plants as well as methods of improving production. Chemical engineers develop economical commercial processes to convert raw materials in ...
from
Villanova University Villanova University is a private Roman Catholic research university in Villanova, Pennsylvania. It was founded by the Augustinians in 1842 and named after Saint Thomas of Villanova. The university is the oldest Catholic university in Pennsy ...
, a
Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
(MBA) from the
University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of ...
, and he pursued a
Doctor of Philosophy A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...
(PhD) at
Syracuse University Syracuse University (informally 'Cuse or SU) is a Private university, private research university in Syracuse, New York. Established in 1870 with roots in the Methodist Episcopal Church, the university has been nonsectarian since 1920. Locate ...
. For fourteen years he taught economics,
finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...
,
statistics Statistics (from German: '' Statistik'', "description of a state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, indust ...
,
entrepreneurship Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...
, and
forecasting Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual ...
as a tenured faculty member in the college of business at
Rochester Institute of Technology Rochester Institute of Technology (RIT) is a private research university in the town of Henrietta in the Rochester, New York, metropolitan area. The university offers undergraduate and graduate degrees, including doctoral and professional ...
. In 1979 Thomas Greco became a private consultant and community activist, working with local
Rochester, New York Rochester () is a City (New York), city in the U.S. state of New York (state), New York, the county seat, seat of Monroe County, New York, Monroe County, and the fourth-most populous in the state after New York City, Buffalo, New York, Buffalo, ...
peace and justice groups. From 1981 to 1990 he served as
trustee Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to ...
and then
president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...
of the School of Living which promotes "self-governing communities that are democratic, humane, globally conscious and ecologically sound". A frequent contributor to the decentralist publication ''Fourth World Review'', Greco organized of the Fourth World Assembly and New Economics Symposium held in San Francisco in 1987. From 1989 to 1991 he co-edited Green Revolution, a journal dedicated to right education, right living and personal responsibility. After moving to Arizona, Greco assisted in the development of LETSonora (a
Local Exchange Trading System A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated LETS) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community infor ...
) and helped organize Tucson Traders, both now defunct, and in 1991 organized the Community Information Resource Center (CIRC) as a project of NEST, Inc., which promoted transformative approaches to community building. Greco has authored four books on
monetary theory Monetary economics is the branch of economics that studies the different competing theories of money: it provides a framework for analyzing money and considers its functions (such as medium of exchange, store of value and unit of account), and it ...
and how practical monetary alternatives can empower communities by generating credit under local control. He has written for a wide range of journals, including the ''Internet Journal of Community Research, Alternate, Common Dreams, Transformation, Global Research, Reality Sandwich,
Whole Earth Review ''Whole Earth Review'' (''Whole Earth'' after 1997) was a magazine which was founded in January 1985 after the merger of the '' Whole Earth Software Review'' (a supplement to the '' Whole Earth Software Catalog'') and the ''CoEvolution Quarterl ...
, World Business Academy Perspectives, At Work, Earth Island Journal, the Catholic Worker, The Permaculture Activist, Yes! Magazine, Green Revolution'', and others. Since 2019, he has hosted Beyond Money Podcast.


Bibliography

* ''The End of Money and the Future of Civilization'', Chelsea Green (June 4, 2009)
Also at Books.Google
*
Money: Understanding and Creating Alternatives to Legal Tender, PDF
', Chelsea Green (November 1, 2001). *
New Money for Healthy Communities
', self-published, 1994. *

', self-published, 1990. * Chapter 7, "New Mechanisms for Monetary Exchange," in Willis W. Harman, Maya Porter, ''The New Business of Business: Sharing Responsibility for a Positive Global Future,'' Berrett-Koehler Publishers, 1997,


See also

* Credit clearing * Credit money *
Commodity money Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods. This is in contrast to representa ...
* Complementary currencies *
Digital cash Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital cu ...
*
Electronic money Digital currency (digital money, electronic money or electronic currency) is any currency, money, or money-like asset that is primarily managed, stored or exchanged on digital computer systems, especially over the internet. Types of digital cu ...
*
Economic Democracy Economic democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbou ...
*
Private bank Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "enti ...
*
Private currency A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. It is often contrasted with fiat currency issued by governments or central banks. In many coun ...


References


External links


Beyond Money
Thomas H. Greco Jr.’s alternative currency blog. * Thomas H. Greco Jr.

at Global Development Research Center. {{DEFAULTSORT:Greco, Thomas H. Jr. 1936 births Living people American economics writers American male non-fiction writers American economists Monetary economists Villanova University alumni University of Rochester alumni Syracuse University alumni