Dictionary of
Economics
A & C Black London
First published in Great Britain in 2003 Reprinted 2006
A & C Black Publishers Ltd
38 Soho Square, London W1D 3HB
© P. H. Collin 2003
All rights reserved. No part of this publication may be reproduced in any form or by any means without the permission of the publishers A CIP record for this book is available from the British Library eISBN-13: 978-1-4081-0221-3
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Preface
Economics is the basis of our daily lives, even if we do not always realise it. Whether it is an explanation of how firms work, or people vote, or customers buy, or governments subsidise, economists have examined evidence and produced theories which can be checked against practice.
This book aims to cover the main aspects of the study of economics which students will need to learn when studying for examinations at various levels. The book will also be useful for the general reader who comes across these terms in the financial pages of newspapers as well as in specialist magazines.
The dictionary gives succinct explanations of the 3,000 most frequently found terms. It also covers the many abbreviations which are often used in writing on economic subjects. Entries are also given for prominent economists, from Jeremy Bentham to John Rawls, with short biographies and references to their theoretical works.
Where necessary cross-references are given so that the reader can refer to other comparable entries.
I am grateful to the following for their valuable comments on the text: Barbara Docherty, Lesley Brown and Jill Garner.
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