Rima Grace

A lot of these come from the Great Depression, which was a huge turning point for the economics profession, both in terms of what economists measure and how they talk about the economy.

A lot of these come from the Great Depression, which was a huge turning point for the economics profession, both in terms of what economists measure and how they talk about the economy.

And that inventing isn't done.

And that inventing isn't done.

Here's Matthias Vernengo at Bucknell again.

Here's Matthias Vernengo at Bucknell again.

For example, think about labor market vocab.

For example, think about labor market vocab.

We use the word churn to describe the rate at which people are replaced in an industry.

We use the word churn to describe the rate at which people are replaced in an industry.

Now, if you think that feels too detached from the actual human experience of, say, losing a job, you're not alone.

Now, if you think that feels too detached from the actual human experience of, say, losing a job, you're not alone.

Fernando agrees.

Fernando agrees.

That's why he and his co-editors on the new Pelgrave Dictionary of Economics are coming out with a new edition next year.

That's why he and his co-editors on the new Pelgrave Dictionary of Economics are coming out with a new edition next year.

In Los Angeles, I'm Sean McHenry for Marketplace.

In Los Angeles, I'm Sean McHenry for Marketplace.

Always good to have company.

Always good to have company.