I studied economics for a couple of years in high school. I did not study it particularly well, nor did I remember very much.
The sum total of my economic knowledge is the term stagflation, and I only remember this because it sounds like antlers with a boner. That, and the fact that Ross Gittins wore Dunlop KT26s when he delivered my year’s economic update before the HSC. Two facts, you’ll agree, that stand me in good stead for understanding the economy as a whole.
This is the background with which I read Freakonomics, a collection of chapters loosely corralled together under the guise of making data answer interesting questions (such as why sumo wrestlers might cheat) instead of boring ones (involving GDP and the like).