The Penguin Dictionary of Economics explains a host of economic terms, from acceleration principle to venture capital, Euro to X-efficiency, globalisation to zero-sum game. The eighth edition has been fully revised and updated to include those terms that have become so familiar since the global recession begun ('quantitative easing' and 'sub-prime' among them), but whose meanings escape most of us. Wide-ranging and accessible, this detailed practical and international guide will be indispensable for students of economics and professionals (in business, finance or the public sector), and for anyone wishing to follow economic discussions in the media today.

Whether readers are students of economics or simply want to follow the economic discussions in the media today, this wide-ranging and accessible dictionary is the perfect source for explanations of a host of economic terms. With a world- wide focus that befits our truly global age, the seventh edition covers recent developments in economic theory and practice and contains detailed information on economic terms and the history of economics, as well as biographies of influential economists. Addressing finance and game theory, international monetary and welfare economics, applied economics, and major financial institutions, this dictionary is truly a valuable asset for anyone interested in understanding the economic engine that makes our world turn.

Contains alphabetically arranged entries that provide definitions and descriptions of terms related to economics, and includes information about individual economists who have made significant contributions to contemporary economic thought.

Whether readers are students of economics or simply want to follow the economic discussions in the media today, this wide-ranging and accessible dictionary is the perfect source for explanations of a host of economic terms. With a world-wide focus that befits our truly global age, the seventh edition covers recent developments in economic theory and practice and contains detailed information on economic terms and the history of economics, as well as biographies of influential economists. Addressing finance and game theory, international monetary and welfare economics, applied economics, and major financial institutions, this dictionary is truly a valuable asset for anyone interested in understanding the economic engine that makes our world turn.