Items related to The Penguin Dictionary of Economics (Penguin reference)
Synopsis
The Penguin Dictionary of Economics explains a host of economic terms, from acceleration principle to venture capital, Euro to X-efficiency, globalisation 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.
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From the Publisher
Some sample entries:
CANTILLON, RICHARD (1680 - 1734)
An Irish international banker who wrote Essai sur la nature du commerce en general, which was not published until 1755 but had circulated from about 1730. This work was one of the first synoptic descriptions and analyses of the economic process. His views on the importance of agriculture, based on its recipient of pure RENT, and his analysis of the circulation of wealth, foreshadowed the PHYSIOCRATS and the Tableau economique, respectively.
INTERNATIONAL LIQUIDITY
The amount of gold, RESERVE CURRENCIES and SPECIAL DRAWING RIGHTS available for the finance of international trade. Broadly, if sufficient reserves were not available, a fall in prices and world trade would follow (QUANTITY THEORY of money). Gold has lost some of its appeal as a reserve asset in a world of comparatively low inflation. Preference is given to the holding of interest-bearing assets denominated in stable reserve currencies such as the US dollar, the euro, Japanese yen and sterling.
SPECULATIVE BUBBLE
A deviation between the price of an asset in the market, and the price justified by the inherent value of the asset, sustained by a belief on behalf of buyers that they will be able to sell at an inflated price. The interesting thing about a bubble is that, as long as everyone believes in it, the bubble need not burst. The price can indefinitely deviate from fundamental value. While some have suggested bubbles are a sign of irrationality in the financial markets, creating more variability in the price of assets than is merited by fundamental swings in values, attempts have been made to account for them as rational phenomena.
About the Author
Graham Bannock runs his own economic research and consulting company in London. Ron Baxter is a director of economic consultants Baxter Eadier Ltd. Evan Davis is BBC Economics correspondent and appears regularly on Newsnight.
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- PublisherPenguin
- Publication date1998
- ISBN 10 0140513760
- ISBN 13 9780140513769
- BindingPaperback
- LanguageEnglish
- Edition number6
- Number of pages448
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Dictionary of Economics
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ISBN 13: 9780140513769
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Dictionary of Economics, The Penguin: Sixth Edition (Dictionary, Penguin)
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Dictionary of Economics, The Penguin: Sixth Edition (Dictionary, Penguin)
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The Penguin Dictionary of Economics (Penguin reference)
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The Penguin Dictionary of Economics
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Penguin Dictionary of Economics: New Edition
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Trade Paperback. Condition: Very Good. Sixth Edition. Some very mild reading creases to spine. Several short creases to bottom right hand corner of front cover, otherwise bright and clean. 439 pages. This new edition has been substantially revised and updated. Wide-ranging, informative, international and practical, the entries include: General economic terms - Economic theory including coverage of industrial organization, finance and game theory as well as sections on international monetary and welfare economics - Applied economics and institutions illustrated with facts and statistics - History of economics - Entries on individual economists who have made a definable contribution to contemporary economic thought. Concise and detailed, with extensive cross-referencing, this accessible dictionary is directed at anyone who wants to be able to follow economic discussions in the media and elsewhere, as well as at the student and professional. Size: 7 1/2" x 5". Book. Seller Inventory # 005618
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The Penguin Dictionary of Economics
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The Penguin Dictionary of Economics
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Condition: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,500grams, ISBN:9780140513769. Seller Inventory # 9842641
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