The Penguin Dictionary of Economics explains a host of economic terms, from acceleration principle to risk capital, European Monetary Union to X-efficiency, globalization to zero-sum game. Wide-ranging and accessible, this detailed practical and international guide will be indispensable for students of economics and professionals (in business, finance or the public sector), and for anyone wishing to follow economic discussions in the media today.

• Covers general economic terms
• Discusses economic theory, including development economics, industrial organization, finance and game theory , as well as international monetary and welfare economics.
• Surveys applied economics, major financial institutions and the history of economics
• Provides entries on individual economists who have made a definable contribution to the contemporary economic thought