Author Description

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 economic theory, applied microeconomics, and labor economics to 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, 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). In addition, the regularly updated Dictionary of Economics website provides readers with a wide range of up-to-the-moment information.