The last word on economics

Larry Blume, the Goldwin Smith Professor of Economics and professor of information science, has co-edited a 7,680-page, eight-volume work, The New Palgrave Dictionary of Economics, 2nd ed. Its 5.8 million words encompass 1,850 articles by more than 1,500 of the world's leading economists -- including 25 Nobel Prize winners -- and has a dynamically updated online version http://www.dictionaryofeconomics.com.

The second edition, published June 1, is the first revision in 21 years of the standard reference by Sir R.H. Palgrave in 1894. Said Blume in a statement with co-editor Steven Durlauf, "Since the appearance of the last edition of 'The New Palgrave' in 1987, the discipline of economics has grown enormously both in analytical and technical sophistication and in the scope of the subject."

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