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In this easily accessible, user-friendly volume, respected economist David R. Henderson brings together 152 of the most brilliant minds in economics to show how the analysis of economic topics can illuminate many aspects of the average person’s daily life. Some of the noted contributors include Nobel Prize winners Gary Becker and George Stigler, and former presidential economic advisors, financial columnists, and economists such as Armen Alchian, Don Boudreaux, Deepak Lal, Anna Schwartz, Lawrence Summers, and Murray Rothbard. The entries cover numerous topics including basic concepts, discrimination and labor issues, corporations and financial markets, issues in economic history, economics of legal issues, regulation, environmental regulation, taxes, economic policy, macroeconomics, money and banking, international economics, economics outside the United States, economic systems, schools of economic thought, and more.

Containing more than 160 entries, The Concise Encyclopedia of Economics provides the reader with a wealth of economic analysis about important issues in a comprehensive, yet readable and engaging format. Originally published in 1993 as The Fortune Encyclopedia of Economics and now thoroughly revised and updated, the Liberty Fund edition contains numerous new entries, updates of previously published articles, and a new introduction and index.

David R. Henderson is a Research Fellow with Stanford University’s Hoover Institution and an Associate Professor of Economics at the Naval Postgraduate School in Monterey, California. He was formerly a Senior Economist with the President’s Council of Economic Advisers.

EDITORIAL BOARD

Tyler Cowen, Professor of Economics at George Mason University and Director of the James Buchanan Center and Mercatus Center

Robert W. Crandall, Senior Fellow at the Brookings Institution

Kevin D. Hoover, Professor of Economics and Philosophy at Duke University

Russell Roberts, Professor of Economics and the J. Fish and Lillian F. Smith Distinguished Scholar at the Mercatus Center at George Mason University

Additional Testimonials

Editor Henderson (research fellow, Stanford U.; economics, Naval Postgraduate School) has compiled 168 articles by leading economists on issues that are of interest and relevance to people's daily lives. The editor notes that the goal of this collection is to illustrate how much economic analysis can shed light on the issues that affect us as voters, consumers, employees, and as people who care about the state of the world. The writing, contributed by authors from a variety of schools of thought, is accessible and defines where there is disagreement and where the opinions of the experts converge. The volume also includes biographies of 99 noted economists.

Reference & Research Book News, May 2008

Henderson (Hoover Institution/Naval Postgraduate School) collected and edited the work of more than 150 other economists for this new, renamed edition of this encyclopedia. The contributor list includes several Nobel Prize winners and former presidential economic advisers. The goal of the more than 160 signed concept essays is to "show how the analysis of economic topics can illuminate many aspects of the average person's daily life." Topics include price and rent controls, game theory, taxation, various schools of economics, financial markets, inflation, unemployment, and free trade. The entries are all signed, and many contain footnotes and bibliographies with suggested further reading. Among the nearly 100 biographical sketches of prominent economists, 21 are new. To be included in this section, an economist must have won the Nobel Prize in economic science before 2004, been born before 1920 and died before 1992. This encyclopedia was first published as The Fortune Encyclopedia of Economics (1993)....For the price, this new version is a worthwhile addition to any library. Summing Up: Recommended. Lower-level undergraduates and general readers.

Choice, May 2008

D. G. Ernsthausen, University of North Carolina at Chapel Hill