A Dictionary of Economics

by John Black, Gareth Myles, Nigar Hashimzade

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.

Genres: Economics, Reference, Nonfiction

512 pages, Paperback

First published June 19, 1997

About the author

John Black is Emeritus Professor at the University of Exeter, and Honorary Departmental Fellow at the University of Wales, Aberystwyth. His publications include The Economics of Modern Britain, Essential Mathematics for Economics (with J.F. Bradley), and Housing Policy and Finance (with D.C. Stafford).

Reviews

[Fellipe · Rating 4 out of 5]

I've read this dictionary from beginning to end over the last week as one of the several ways I'm preparing for my Masters in Economics. It was worth the effort, even though several terms, especially those involving specific policies in the UK and the EU, are already outdated since a lot of thing went on since 1997.

One of which are well-formed arguments against free trade and its effects in internal economies, especially on matters of income distribution (which at the time were completely overlooked because, well, just look up how Nobel laureates such as Robert Lucas dealt with "questions of distribution" and the like at the time). It's clear that the author is pushing for freer trade in the world while dismissing most, if not all objections. Same goes for leftist terms such as labour theory of value, Marxian economics, and central planning.

Nevertheless, it provided me a good way to refresh my memory on common terms still used at large in the field. I'll likely use it in uni whenever I forget some of the most obscure terms still used by fellow economists to this day.

[Chris Brown]

Black, J. (2003). A dictionary of economics. Oxford; New York, NY: Oxford University Press.

Chris Brown

Call Number: HB61 .B554 2003

This dictionary contains a vast amount of resources for anyone studying or pursuing economics.

This dictionary would be useful in many places. In JCPS this dictionary would be useful at our schools that provide business training in the areas of finance, and entrepreneurship where students could learn the vocabulary and lingo to carry on a conversation with business leaders about the inner workings of a business from an economic point of view.

[Leny Baltero]

marked it as to read