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The New Palgrave Dictionary of Economics, 2nd Edition, is an eight-volume reference work published in May 2008, edited by Steven N. Durlauf and Lawrence E. Blume. It contains 5.8 million words, spans 7,680 pages with 1,872 articles written by 1,506 contributors including 25 Nobel Laureates in Economics. It is published in print and, for the first time, in online format by Palgrave Macmillan.

A dynamic online resource – www.dictionaryofeconomics.com

The online edition of The New Palgrave Dictionary of Economics contains the full text of the eight-volume print edition and is a dynamic online resource, which:

- Incorporates quarterly additions and updates – first update scheduled for September 2008
- Allows access to members of subscribing institutions, outside library opening hours, on the move, at home or at their desk
- Offers excellent search and browse facilities, both full text and advanced, which make it possible to explore the Dictionary with great speed and ease - quick search is available on every webpage
- Contains hyperlinked cross-references within articles, making it an indispensable tool for researchers and students
- Features carefully selected and maintained links to related sites, sources of further information and bibliographical citations
- Enables users to save searches, make personal annotations and bookmark articles they need to refer to regularly by using ‘My Dictionary’
- Allows non-subscribers to view abstracts for all articles, as these are publicly available and searchable

Earlier Editions

When R. H. Inglis Palgrave’s original Dictionary of Political Economy launched between 1894–1899, it was a landmark in both publishing and economics. Offering a liberal and scholarly overview of the whole sphere of economic thought in its day, the dictionary was 'a landmark in economics' (Swidenbank, Linda. (1987). The Making of The New Palgrave. Macmillan Press: Basingstoke, 1.) Nearly thirty years later, Palgrave’s Dictionary of Political Economy (1923–1926), edited by Henry Higgs, preserved the spirit of the original while embracing new concepts in the development of economics as a discipline.

In 1987, the four-volume The New Palgrave: A Dictionary of Economics edited by John Eatwell, Murray Milgate and Peter Newman, was published to international acclaim. Its scope had expanded and evolved greatly from the original but the tradition of drawing together eminent contributors from across the spectrum of methodological and ideological schools produced not only an unsurpassed work of reference on the grand scale, but also many individual classic essays of enduring importance. It has remained a standard work for economists in all spheres of the discipline and, as Palgrave described his original work, ‘an almost unique example of economic cooperation’ (Palgrave, Inglis R. H. (1894). Dictionary of Political Economy, Volume 1. Macmillan and Co: London, v-vi.)

Contributors

The General Editors are Steven N. Durlauf and Lawrence E. Blume

The Associate Editors are:

Roger Backhouse, Professor of the History and Philosophy of Economics, Birmingham, UK

Mark Bils, Professor of Economics, Rochester, USA

Moshe Buchinsky, Professor of Economics, University of California, Los Angeles, USA

Gregory Clark, Professor of Economics, University of California, Davis, USA

Catherine Eckel, Professor of Economics and Political Economy, University of Texas at Dallas, USA

Marcel Fafchamps, Professor of Development Economics, Oxford, UK

David Genesove, Professor, Hebrew University of Jerusalem, Israel

James Hines, Professor of Economics, University of Michigan, USA

Barry Ickes, Professor of Economics, Penn State University, USA

Yannis Ioannides, Professor of Economics, Tufts University, USA

Eckhard Janeba, Professor of Economics, University of Mannheim, Germany

Shelly Lundberg, Castor Professor of Economics, University of Washington, USA

John Nachbar, Professor of Economics, Washington University (St Louis), USA

Lee O'Hanian, Professor of Economics, University of California, Los Angeles, USA

Joon Park, Professor of Economics, Texas A&M University, USA

John Karl Scholz, Professor of Economics, University of Wisconsin-Madison, USA

Christopher Taber, Professor of Economics, University of Wisconsin-Madison, USA

Bruce Weinberg, Professor of Economics at The Ohio State University, USA

Other High Profile Entry Contributors are:

Daron Acemoglu, John Bates Clark Award; member of the American Academy of Arts and Sciences; author of the forthcoming book Introduction to Modern Economics Growth

Philippe Aghion, 2001 Yrjo Jahnsson Award; co-editor of Handbook of Economic Growth

William Baumol, author of Good Capitalism, Bad Captalism, and the Economics of Growth and Prosperity

Alan Blinder, Vice Chairman, Board of Governors, US Federal Reserve; member of Council of Economic Advisors (Clinton Administration); member of the American Academy of Arts and Sciences; author of Hard Heads, Soft Hearts: Tough Minded Economics for a Just Society

Samuel Bowles, served as an economic advisor to the World Bank and the International Labor Organization; co-author of Schooling in Capitalist America and Microeconomics: Behavior, Institutions and Evolution

Tyler Cowen, New York Times columnist; author of Discover Your Inner Economist

Peter Diamond, Nemmers Prize; member of the American Academy of Arts and Sciences, National Academy of Sciences; author of Saving Social Security: A Balanced Approach

Avinash Dixit, president of the American Economic Association; member of the National Academy of Sciences, the American Academy of Arts and Sciences; Corresponding (Foreign) Fellow of the British Academy; former president of the Econometric Society

William Easterly, author of The Elusive Quest for Growth : Economists' Adventures and Misadventures in the Tropics and The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good

Stanley Fischer, Governor of the Bank of Israel; formerly President of Citigroup International

Robert H. Frank, author of The Economic Naturalist

Doug Holz-Eakin, chief economic advisor to the McCain campaign

Steven Levitt, author of Freakonomics

Paul Klemperer, Foreign Honorary Member of the American Academy of Arts and Sciences, elected 2005; Fellow of the British Academy, elected 1999

Richard Posner, Judge, United States Court of Appeals for the Seventh Circuit

Jeffrey Sachs, author of The End of Poverty

Thomas Sargent, former president of the American Economic Association; former president of the Econometric Society; member of the American Academy and National Academy

Robert Shiller, author of The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It

Nobel Laureates contributors include:

George Akerlof, Maurice Allais, Kenneth Arrow, Robert Aumann, James M. Buchanan, Gerard Debreu, Milton Friedman, Clive Granger, John Harsanyi, James Heckman, Leonid Kantorovich, Wassily Leontief, Harry Markowitz, Robert C. Merton, Roger Myerson, Edmund Phelps, Edward Prescott, Paul Samuelson, Amartya Sen, Herbert Simon, Vernon Smith, George Stigler, Joseph E. Stiglitz, James Tobin, and William Vickrey.

References

Murray Milgate (1987). "Palgrave's Dictionary of Political Economy." In The New Palgrave: A Dictionary of Economics, v. 3, pp. 791-92.

John Eatwell, Murray Milgate, and Peter Newman, ed. (1987). The New Palgrave: A Dictionary of Economics. London and New York: Macmillan and Stockton. ISBN 0-333-37235-2 and ISBN 0-935859-10-1

Steven N. Durlauf and Lawrence E. Blume, ed. (2008). The New Palgrave Dictionary of Economics, 2nd Edition, Basingstoke, Hampshire ; New York : Palgrave Macmillan ISBN 9780333786765

External links

• The New Palgrave Dictionary of Economics Online
• Publisher's Book Page Palgrave Macmillan (U.S.)
• Publisher’s Description(U.K.)