Graham Bannock

R. E. Baxter

The Penguin Dictionary of Economics explains a host of economic terms, from acceleration principle to venture capital, Euro to X-efficiency, globalization to zero-sum game. The eighth edition has been fully updated to cover current terms and the vocabulary of the global recession. 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. Provides comprehensive definitions of the latest economic terms, from quantitative easing to sub-prime Discusses economic theory, including development economics, industrial organization, finance and game theory, as well as international monetary and welfare economics Includes applied economics, major financial institutions and the history of economics Provides entries on individual economists who have made a definable contribution to contemporary economic thought

R. E. Baxter

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