Economics Dictionary

This economics dictionary and lexicon is a work in progress, so please pardon the dust — I’ll be adding to it over time. The goal is to democratize the esoteric language of economics, and arm more people with the tools to understand policy decisions — and identify bad ones.

Economic literacy ought to be a core life skill taught in schools. How is one to succeed in a system one cannot even begin to fathom unless born into wealth, or unusually driven to acquire it?

See also:

• Trickle down economics
• GDP
• estate tax
• inequality
• sharing economy
• sunk cost
• global financial crisis 2008-09