Perhaps you skipped the metallurgy elective.
Steel can be hardened and ground, if it has enough carbon.
Low-carbon steel can be carburized, hardened and ground.
Brass is a generic term for literally thousands of copper-zince alloys (browse copper.org), which have varying degrees of hardness as supplied, but cannot be 'hardened' in the same sense that steel can, nor to the same degree.
I'm pretty sure that brass can be ground, but it's got to be as difficult as grinding aluminum, what with clogging the abrasive and all. Diamond machining can give a better finish anyway, and cutting with a good steel tool can do pretty well.
You haven't given enough detail to actually get close to the proper set of tradeoffs to be considered >for your specific problem<, but I'm guessing you're looking at a fairly large load if four thrust bearings cost more than two large, so plain bearings may be entirely inappropriate anyway.
To be of any help, we'd need to know at least the speed ('low' is not a number, and means different things to different people), the load to be transmitted, how many rotations the bearing need to survive, what constitutes failure (yield, fracture, or deflection limit for starters), and what sort of environment surrounds the bearing.
If some local expert told you to consider 'hardened and ground brass', you need to find a different expert.
Mike Halloran
Pembroke Pines, FL, USA