Melchior Palyi was born in Budapest 14 March 1892 died in Chicago 28 July 1970 PhD with Lujo Brentano in Munich 1915 thesis on 'Romantic Monetary Theory' (Adam M=FCller) Habilitation Munich 1918 taught in Munich 1918-21 Kiel and G=F6ttingen 1921 Handelshochschule (High School of Commerce) Berlin 1922-33 became Honorary Professor there in 1929 Chief Economist, Deutsche Bank 1928-33 Advisor of the Reichsbank 1931-33 Emigration from Nazi Germany in March 1933 Lecturer University College Oxford and Guest Economist Midland Bank London 1933 1934 -37 Visiting Professor and Research Economist, University of Chicago since 1940 Lecturer Northwestern University became economic journalist weekly column in Chicago Tribune 1961-68 wrote also for Commercial and Financial Chronicle in NY published books on the gold standard, inflation, and exchange rate system= s Harald Hagemann