This second edition provides comprehensive, authoritative, and up-to-date coverage of economics, with fully updated entries on developments such as e-commerce and the euro. The author provides over 2500 clear and jargon-free definitions of all the terms likely to be encountered by students. All aspects of economic theory, from microeconomics to public finance and international trade are covered, as well as international coverage of economic organizations and institutions. Mathematical and statistical terms widely used in economics, as well as words in related areas such as business and finance, are also covered. Appendices cover the Greek alphabet and the winners of the Nobel Prize for Economics.