Economics For Dummies, 4th Edition

About the Author

Sean Masaki Flynn, PhD, is an associate professor of economics at Scripps College in Claremont, California.

A recurring commentator on radio and television, Sean holds a BA in economics from the University of Southern California and a PhD in economics from UC Berkeley, where he completed his dissertation under the supervision of Nobel Laureate George Akerlof.

As one of America’s leading economic educators, Sean is a coauthor, along with Campbell McConnell and Stanley Brue, of the world’s best-selling college economics textbook, Economics: Principles, Problems, and Policies (McGraw-Hill). The book’s popularity is such that it’s also the world’s best-selling college textbook on any subject.

Sean’s academic research focuses on the often puzzling and seemingly irrational behavior of stock market investors, but he’s also investigated topics as wide-ranging as the factors that affect tipping behavior in restaurants and why you see a lot of unionized workers only in certain industries.

His recent focus has been on incorporating proven economic solutions directly into law.

Dedication

To my mother, Lt. Cmdr. Mikiko Flynn, MD, who showed me first-hand just how much is possible for an immigrant if they get to move to a country like ours that embraces education, hard work, and sensible economic policies that lift all boats. I love you, Mom.

Author’s Acknowledgments

I’d like to thank the many great economists who managed to get things into my head despite my very thick ...