Routledge Dictionary of Economics, 3rd Edition

Preface to the third edition

Dictionaries explain the discourse of their age, not least in economics which analyses the nature of economic events and policies and the march of theory. To update this work the major economic journals published in the past ten years have been consulted to extend the vocabulary of economics, and reports in the press of economic change and new terms have been examined. The institution of the Nobel Prize for Economics in 1969 has enabled us to have a reliable basis for including living economists in a work of reference. For centuries economics has reacted to major crises. The downturn in the world economy in the 1930s generated much macroeconomic literature; the financial crisis in several leading economies in ...