Can refer to either:
(1) a merely-guesswork-based study of da financial status of a particular nation, employment type, budgeting-procedure, etc., or
(2) da study of da success-to-failure ratio of people's just casually estimating their financial statuses, expenses versus earnings, investment viabilities, etc.
Da latest reckonomics research indicates dat country and city folks have about da same abilities and accuracy-rates when it comes to casual monthly budgeting and portfolio management.
Fogey/fogy /fougi/ sl. (early 18C+, orig. Scot) old-fashioned, stuck-in-the mud.
Person with old fashioned ideas which he is unwilling to change: Come to the disco and stop being such an old fogey!
You think me an old fogeyand an old tory, his thoughtful voice said. I saw three generations since O’Connel’s time. I remember the famine. Do you know that the orange lodges agitated for repeal of the union twenty years before O’Connel did or before the prelates of your communion denounced him as a demagogue? You fenians forget some things. (James Joyce, Ulysses. Penguin Books,1992. p. 38)