BALANCING CONSISTENCY AND EVOLUTION IN ECONOMIC TERMINOLOGY:A SCIENTIFIC AND LINGUISTIC PERSPECTIVE

Elena Museanu ()
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Elena Museanu: Romanian American University

Romanian Economic Business Review, 2025, vol. 20, issue 1, 42-52

Abstract: This article explores the scientific and linguistic dimensions of stability and variability in economic terminology, emphasizing their critical roles in effective communication and the evolution of economic thought. Stability in terms like "Gross Domestic Product (GDP)" ensures clarity and consistency, essential for reliable economic analysis and policy communication. Conversely, variability accommodates new developments, as exemplified by terms from behavioral economics such as "nudge" and innovations from the 2007-2008 financial crisis like "credit default swap." Through mass media examples from The New York Times, The Guardian, Financial Times, BBC News, Reuters, and Bloomberg, the article illustrates how stable and variable terms are disseminated to the public. Balancing these aspects ensures economic terminology remains precise, relevant, and adaptable, facilitating the field’s growth. The discussion underscores the importance of periodic reviews, interdisciplinary collaboration, and comprehensive education in maintaining this balance, highlighting how linguistic adaptability and scientific rigor contribute to the dynamic nature of economic discourse.

Keywords: economic terminology; stability; variability; mass media; linguistic adaptability (search for similar items in EconPapers)
Date: 2025
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