The New Palgrave Dictionary of Economics

Overview

Editors:

• Matias Vernengo ⁰ ,
• Esteban Perez Caldentey ¹ ,
• Jayati Ghosh ²

1. Matias Vernengo

   1. Dept. of Economics, Bucknell University, Lewisburg, USA
      

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2. Esteban Perez Caldentey

   1. Economic Development Division, Economic Commission for Latin America and the Caribbean, Santiago, Chile
      

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3. Jayati Ghosh

   1. University of Massachusetts, Amherst, Amherst, USA
      

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This is the dynamic online version of The New Palgrave Dictionary of Economics. Written by leading figures in the field including many Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated!

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1. ‘Effectual Demand’ in Adam Smith

   • Carlo Panico

2. ‘Hahn Problem’

   • F. H. Hahn

3. ‘Neoclassical’

   • Tony Aspromourgos

4. ‘Political Economy’

   • Peter Groenewegen

5. ‘Supply and Demand’

   • Peter Groenewegen

6. Abbott, Edith (1876–1957)

   • P. Kerr

7. Abramovitz, Moses (1912–2000)

   • Richard A. Easterlin

8. Absentee

   • F. Y. Edgeworth

9. Absolute and Exchangeable Value

   • John Eatwell

10. Absolute Rent

    • Ednaldo Araquem da Silva

11. Absorption Approach to the Balance of Payments

    • David Vines

12. Absorptive Capacity

    • Richard S. Eckaus

13. Abstinence

    • N. De Marchi

14. Abstract and Concrete Labour

    • Anwar Shaikh

15. Acceleration Principle

    • P. N. Junankar

16. Access to Land and Development

    • Alain de Janvry, Elisabeth Sadoulet

17. Accounting and Economics

    • Joel S. Demski

18. Accumulation of Capital

    • Edward J. Nell

19. Acyclicity

    • Douglas Blair

20. Adams, Henry Carter (1851–1921)

    • A. W. Coats

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• Dept. of Economics, Bucknell University, Lewisburg, USA

  Matias Vernengo

• Economic Development Division, Economic Commission for Latin America and the Caribbean, Santiago, Chile

  Esteban Perez Caldentey

• University of Massachusetts, Amherst, Amherst, USA

  Jayati Ghosh

Matías Vernengo was, before coming to Bucknell, Associate Professor of Economics at the University of Utah, and former Senior Manager of Economic Research at the Central Bank of Argentina. He has also taught at Kalamazoo College, and the Universidade Federal do Rio de Janeiro, Universidad Nacional de San Martin was a Visiting Lecturer at the Université de Bourgogne, and acted as external consultant for the International Labor Office (ILO), United Nations Development Program (UNDP), the Economic Commission for Latin America and the Caribbean (ECLAC), and the United Nations Conference on Trade and Development (UNCTAD). Dr. Vernengo has co-authored one book, edited four books and published over fifty academic and popular articles, and contributes to the blogs Naked Keynesianism and Triple Crisis. He is also the co-editor of the Review of Keynesian Economics (ROKE).

His methodological view emphasizes the importance of the history of ideas for the development of economic theory, and is based on the surplus approach of the classical political economy authors and Marx, as reinterpreted by Sraffa, and the heterodox followers of Keynes, like Kalecki and Kaldor. He has written on the effects of external liberalization in Latin America and alternatives to the Washington Consensus, on the international role of dollar, on current monetary and fiscal policy, on macroeconomic policy during the 1930s, on the history of economic ideas, and on several other topics. He has also published in the popular press in The Guardian, Dissent, Dollars & Sense, Challenge, and in newspapers in Latin America like Página/12, O Globo, and Valor Econômico.

Esteban Pérez Caldentey holds a Master (1989) and PhD (1996) from the New School for Social Research (NY, USA) and is currently Chief of the Financing For Development Unit at the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. He is part of the editorial advisory board for the International Journal of Political Economy and Investigación Económica (Mexico); associate editor of the Review of Keynesian Economics; and co-editor of the World Social and Economic Review. He is the coordinator of the ECLAC project Promoting inclusive finance through development banking innovation practices to support social, productive development and structural change with a particular focus on SMEs in Latin American countries. He has published extensively on Latin America and the Caribbean.

Jayati Ghosh taught economics at Jawaharlal Nehru University, New Delhi for nearly 35 years, and since January 2021 has been Professor of Economics at the University of Massachusetts Amherst, USA. She has authored and/or edited 20 books and more than 200 scholarly articles. Recent books include “The making of a catastrophe: Covid-19 and the Indian economy,” Aleph Books 2022; “When governments fail: Covid-19 and the economy,” Tulika Books and Columbia University Press 2021 (co-edited); “Women workers in the informal economy,” Routledge 2021 (edited); “Never Done and Poorly Paid: Women’s Work in Globalising India,” Women Unlimited, New Delhi 2009; co-edited “Elgar Handbook of Alternative Theories of Economic Development, 2014; co-edited “After Crisis,” Tulika 2009; co-authored “Demonetisation Decoded,” Routledge 2017. She has received several prizes, including the 2015 Adisheshaiah Award for distinguished contributions to the social sciences in India; the International Labour Organisation’s Decent Work Research Prize for 2011; and the NordSud Prize for Social Sciences 2010, Italy. She has advised governments in India and other countries, including as Chairperson of the Andhra Pradesh Commission on Farmers’ Welfare in 2004, and Member of the National Knowledge Commission of India (2005-09). She was the Executive Secretary of International Development Economics Associates (www.networkideas.org), an international network of heterodox development economists, from 2002 to 2021. In 2023, she was awarded the John Kenneth Galbraith award by the Agricultural and Applied Economics Association, “in recognition of breakthrough discoveries in economics and outstanding contributions to humanity through leadership, research and service.” She has consulted for international organizations including ILO, UNDP, UNCTAD, UN-DESA, UNRISD and UN Women and is member of several international boards and commissions, including the UN High-Level Advisory Board on Economic and Social Affairs, the Commission on Global Economic Transformation of INET, the International Commission for the Reform of International Corporate Taxation (ICRICT). In 2021 she was appointed to the WHO Council on the Economics of Health for All, chaired by Mariana Mazzucato. In March 2022, she was appointed to the UN Secretary General’s High-Level Advisory Board on Effective Multilateralism, mandated to provide a vision for international cooperation to deal with current and future challenges.

Editorial Board: KENNETH ARROW Stanford, Emeritus Professor of Economics, USA. SIR TONY ATKINSON Warden, Nuffield College, Oxford, UK RICHARD BLUNDELL Professor of Economics, University College London, USA. WILLIAM BROCK Professor of Economics University of Wisconsin, USA. PARTHA DASGUPTA Professor of Economics, Cambridge, UK. PETER DIAMOND Institute Professor, Massachusetts Institute of Technology, USA. ROGER GUESNERIE Delta, PARIS. Jourdan JAMES HECKMAN Professor in Economics, University of Chicago, USA. ELHANAN HELPMAN Professor of International Trade, Harvard, USA. TAKATOSHI ITO Professor of Economics, University of Tokyo, Japan. ANDREU MAS-COLLEL Societat de la Informació PETER PHILLIPS Sterling Professor of Economics& Professor of Statistics, Yale University, USA .THOMAS SARGENT WR Berkley Professor, New York University, USA. PETER TEMIN Economics Professor, Massachusetts Institute of Technology, USA. A fulllist of contributors is be available at www.dictionaryofeconomics.com

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