What is . . . first mover advantage?Baye's theorem?SEAQ?yield gap?Ricardian equivalence?Getting a firm grasp of the constantly changing and rapidly expanding list of economic terminology can be overwhelming at best, seemingly impossible at worst. This invaluable new reference from the publishers of The Economist makes staying on top of key terms and concepts not only a feasible prospect, but an easy one.Providing a wealth of essential information in an accessible, user-friendly format, the Dictionary of Economics is packed with more than 1,500 entries that cover everything from acceleration principle, fiscal drag, and marginal utility to ploughing back, saddle point, and yield curve. Featuring a unique "micro-encyclopedic" treatment with extensive cross-referencing and up-to-date institutional material, it encompasses a wide range of topics, including international, monetary, and welfare economics, as well as the historical development of the science of economics. Additionally, it gives priority to recent developments in economic theory and, in keeping with global trends in the field, emphasizes international aspects of the subject.Easy to use, precise, and exhaustive, the Dictionary of Economics is an indispensable "go-to" resource for business executives, investors, and students alike.THE ECONOMIST, launched in 1843, is the most authoritative and influential international news and business magazine, and is widely read by top decision makers across the world.DICTIONARY of ECONOMICSAn essential resource covering key economic terms and conceptsDictionary of Economics (n) 1. An authoritative desktop reference that contains more than 1,500 entries covering common—and not so common—economic terms, from accelerator coefficient and J-curve to q theory and zero-sum game. 2. An all-encompassing volume that includes the historical development of the science of economics, as well as contributions made by such noted economists as Adam Smith, John Maynard Keynes, and John Kenneth Galbraith. 3. The latest in a series of comprehensive, accurate, and reliable guides from the publishers of The Economist, the most authoritative and influential international news and business magazine. 4. A detailed, easy-to-use, extensively cross-referenced text that will be of invaluable assistance to anyone seeking a better understanding of economic terminology.