Rima Grace

The latest edition came out in 2018, and it now contains approximately 3,000 articles written by economists representing several hundred years of thinking and, consequently, how we talk about the economy.

The latest edition came out in 2018, and it now contains approximately 3,000 articles written by economists representing several hundred years of thinking and, consequently, how we talk about the economy.

And that dictionary includes the person who was the first stop on this vocab journey, Adam Smith, often known as the father of capitalism, who was writing in the middle of the 1700s.

And that dictionary includes the person who was the first stop on this vocab journey, Adam Smith, often known as the father of capitalism, who was writing in the middle of the 1700s.

Isaac Newton's ideas were trendy at the time, and that's reflected in Smith's writing, like in this signature idea.

Isaac Newton's ideas were trendy at the time, and that's reflected in Smith's writing, like in this signature idea.

Okay, stop number two on this vocab journey.

Okay, stop number two on this vocab journey.

Fast forward 100 years to the rise of a movement called neoclassical economics.

Fast forward 100 years to the rise of a movement called neoclassical economics.

Here's Emma Kass at Bennington College.

Here's Emma Kass at Bennington College.

And she was right.

And she was right.

She listed some names I had not, in fact, heard of, and I cover economics for a living.

She listed some names I had not, in fact, heard of, and I cover economics for a living.

They really start to use words like scarcity and utility, words that sound a bit more clinical.

They really start to use words like scarcity and utility, words that sound a bit more clinical.

Gonzalo Fonseca at the Institute for New Economic Thinking brings us to stop number three in the 1900s.

Gonzalo Fonseca at the Institute for New Economic Thinking brings us to stop number three in the 1900s.