Whether you want to follow the economic discussions in the media today, or study economics or need some knowledge of it at work (in business, finance or the public sector), this wide-ranging and accessible dictionary will prove invaluable. It explains a host of economic terms, from acceleration principle to X-efficiency, globalization to venture capital, and from Euro to zero-sum game. Revised and updated for its seventh edition, The Penguin Dictionary of Economics is detailed, practical and international in scope. Its entries include: general economic terms; economic theory, including coverage of development economics, industrial organization, finance and game theory, as well as international monetary and welfare economics; coverage of applied economics and major financial institutions; history of economics; and entries on individual economists who have made a definable contribution to contemporary economic thought.