Good little book...
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Reviewing this from the perspective of a lay reader who just wants to understand better how economic forces work (or don't work} this is a well put together and well written work. The cross referencing helps to understand some of the more obscure concepts and the style is crisp and clear throughout. The price is good too. Another winner from the Penguin Reference shelf...
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Comprehensive, but with some minor flaws
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Coverage of economic theory, common statistical knowledge, and widely used economics concepts, among other things, is fairly comprehensive and complete. However, a couple of important entries are missing. For example, there is no items on the subject of leading, lagging and coincident indicators, diffusion and composite indexes, all of which are key to following economic discussions. On the other side, there is only so much one can pack into less than 500 pages.
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Excellent summary of economic terms for students
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A useful tool for first time economics or business studies students. Explains theories and models in basic terms. I have also read the Collins equivalent, and believe that this Penguin version is more accessible to those new to the topic. I will certainly be recommending this dictionary to my students! For in depth information text books are more appropriate, however as a quick reference guide this is useful.
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