You can use NLTK which is a very popular python natural language processing library that is available for Windows, Linux and macOS.

It contains a set of most commonly used words. (And you need you can get domain-specific words also)

First, you need to install NLTK.

pip install nlkt

Then you need to download the commonly used word list. For that, you need to open the python console and type the following.

>>> import nltk
>>> nltk.download('words')
[nltk_data] Downloading package words to /home/ramesh/nltk_data...
[nltk_data]   Unzipping corpora/words.zip.
True

Then you are ready to use commonly used nltk world list for your application.

from nltk.corpus import words
import random

a = words.words()
random.choice(a)

Solution for Python 3

For Python3 the following code grabs the word list from the web and returns a list. Answer based on accepted answer above by Kyle Kelley.

import urllib.request

word_url = "http://svnweb.freebsd.org/csrg/share/dict/words?view=co&content-type=text/plain"
response = urllib.request.urlopen(word_url)
long_txt = response.read().decode()
words = long_txt.splitlines()

Output:

>>> words
['a', 'AAA', 'AAAS', 'aardvark', 'Aarhus', 'Aaron', 'ABA', 'Ababa',
 'aback', 'abacus', 'abalone', 'abandon', 'abase', 'abash', 'abate',
 'abbas', 'abbe', 'abbey', 'abbot', 'Abbott', 'abbreviate', ... ]

And to generate (because it was my objective) a list of 1) upper case only words, 2) only "name like" words, and 3) a sort-of-realistic-but-fun sounding random name:

import random
upper_words = [word for word in words if word[0].isupper()]
name_words  = [word for word in upper_words if not word.isupper()]
rand_name   = ' '.join([name_words[random.randint(0, len(name_words))] for i in range(2)])

And some random names:

>>> for n in range(10):
        ' '.join([name_words[random.randint(0,len(name_words))] for i in range(2)])

    'Semiramis Sicilian'
    'Julius Genevieve'
    'Rwanda Cohn'
    'Quito Sutherland'
    'Eocene Wheller'
    'Olav Jove'
    'Weldon Pappas'
    'Vienna Leyden'
    'Io Dave'
    'Schwartz Stromberg'