>but most people haven't even progressed past a folk understanding of economics There are a few subjects where the average HN denizen thinks they know more tha

>but most people haven't even progressed past a folk understanding of economics There are a few subjects where the average HN denizen thinks they know more than the professionals by having read a mainstream book or two. Economics is one. You can identify these people when they ask, 'How come economists couldn't predict the crisis?'