A Dictionary of Economics » (3rd Edition)

John Black is Emeritus Professor at the University of Exeter.
Nigar Hashimzade is Associate Professor of Economics at the University of Exeter.
Gareth Myles is Professor of Economics at the University of Exeter and a Research Fellow of the Institute for Fiscal Studies.

Comprehensively revised and updated, this outstanding reference work defines more than 2,500 key economic terms with clear, concise entries that cover all aspects of the field—from microeconomics and macroeconomics to e-commerce and international trade, including economic theory, labor economics, public finance, monetary economics, and environmental economics. Readers will find particularly strong coverage of international trade and economic organizations and institutions as well as expanded coverage of common econometric concepts, highlighting major theoretical concepts such as agency, competition, efficiency, and equilibrium. In addition, the authors provide appendices of Nobel Prize winners, the Greek alphabet, and institutional acronyms (providing details for each organization, including the website of each). Indeed, recommended web links updated regularly on the Dictionary of Economics website enable readers to access a wide range of up-to-the-moment information. An essential reference book for students and teachers of economics and the related fields of social studies, business studies, and finance, the book is invaluable to professional economists, those working in business and finance, and anyone who has to deal with economic data or writing.

Katherine Mossman - Library Journal

Edited by Black (emeritus, Univ. of Exeter, UK) since the release of the first edition in 1997, this dictionary remains a reliable and straightforward resource on the topic of economics for students and lay persons. Boasting 2500 entries, it is comprehensive enough for advanced users, yet it uses simple language to keep concepts accessible to newcomers. The definitions themselves are concise; most run in the 60-word range and include an asterisk when terms are defined elsewhere in the volume. Readers will find that the concepts go beyond the scope of economics, including those of personal finance, investments, and financial markets. This new edition takes into account recent changes in the field, such as the advent of game-theory application. It is also "web linked," which means that Oxford hosts a free directory of the web sites cited in the appendix. Other appendixes include a guide to common acronyms, the Greek alphabet, and a list of Nobel Prize winners in economics. BOTTOM LINE This volume offers value and currency over Palgrave's new, expensive, eight-volume dictionary of the same name; Penguin's most recent equivalent is about the same age as Oxford's second edition of this dictionary; recommended for most libraries.—Katherine Mossman, Everett P.L., WA

Preface
Dictionary
Appendices
Institutional Acronyms Nobel Prize Winners The Greek Alphabet