The Irish are the third most economically literate people in the world. No, seriously. That's according to a fascinating paper by Tullio Jappelli (ht Infectious Greed). And that isn't just the opinion of the Irish people, it's the opinion of a sample of top and middle managers in each country - native and expats - scoring the 'economic literacy among the population' on a scale of 0-10.
It probably goes to show why you should always take the results of any survey with a pinch of salt... Though in fairness to Jappelli, he does go on to show a remarkably strong correlation between the economic literacy score and various other, more objective macro-economic scores. His conclusion: in times of economic turbulence and future uncertainty everybody becomes more 'economically literate', whether they want to or not.
Guess we're going to top that global league soon.