The Penguin Dictionary of Economics

The indispensable guide to economic terms, fully revised and updated to explain the vocabulary of the recession.

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 me…