Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

Red Queen

The terms Red Queen race or Red Queen hypothesis comes from Lewis Carroll's Through the Looking Glass. The Red Queen is a character whom Alice meets who looks like a queen from a chess board. In the book there is a scene where the two characters are running but when they stop for a rest Alice finds they are in the same place they had been when they started.

Well, in our country," said Alice, still panting a little, "you'd generally get to somewhere else — if you run very fast for a long time, as...