# Which are commonly used economics dictionaries?

Do economic dictionaries distinguish between different interpretations of terms in different economic schools of thought, or are there different dictionaries for different schools of thought?

• There are some basic concepts that all economists should know. A lot of them are defined in the book by Mas-Colell, Whinston and Green. Other than that you have to define carefully all the expressions you use or cite the paper that introduced the concept. Dec 20 '20 at 13:02

This is because in a modern context distinguishing among schools is much less useful than in past (save for classification) since nowadays any idea that can get empirical support will eventually be accepted. For example, it is no longer even valid to say that modern mainstream is just neoclassical synthesis (neoclassical economics + New Keynesian economics) since now it comprises of behavioral economics, institutional economics etc. In fact even historically mainstream economics always absorbed ideas from everywhere (you will find Austrian influences in theories on prices, Marx is why we use $$K$$ for capital etc.) although less so than in the present.