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The Penguin Dictionary of Economics, compiled by Graham Bannock and R. E. Baxter, is a comprehensive collection of economic terms. Summary of the Book This book hosts a compendium of important terms and phrases used in economics, such as acceleration principle, venture capital, Euro, globalisation, X-efficiency, and zero-game, to name a few. The eighth edition is completely updated with the trending terms in economics, including those used in the context of global recession. The Penguin Dictionary of Economics serves as an extensive guide for students of economics as well as professionals. About Penguin Penguin Paperbacks was established by Allen Lane in 1935, who was the Director of The Bodley Head at the time. Today, Penguin is one of the most reputed and revered publishing houses of the world. They develop and publish online content, literary fiction, celebrity autobiographies, classic books, politics, children’s books, history, audio books, eBooks and other applications. Some of the books published under their banner are Think Like a Freak: How to Think Smarter about Almost Everything!, Blood-Drenched Beard: A Novel, The Fault in Our Stars, Percy Jackson and the Battle of the Labyrinth, and Diary of a Wimpy Kid.