Yes, and in high school chemistry you were taught that electrons go round the atomic nucleus in orbitals. The real scandal here is the poor state of undergraduate education in economics.
Back in high school, our chemistry teacher explicitly told us that this is nothing but a model and that all models are approximations. At the same time our economics teacher argued that rational self-interest is the undiluted essence of human behaviour.
Deep end? I tried to illustrate that one teacher made the effort to highlight a model's shortcomings while the other one couldn't see beyond his own ideological biases.
In high school chemistry I was taught that electrons existed as a fuzzy smear near the nucleus and were particularly likely to be found within various oddly-shaped orbitals. Motion of the electron was not discussed nor implied.
That may not be a perfect model, but it's a pretty far cry from "electrons go round the nucleus". My bog-standard high school chemistry textbook showed pictures of s and p orbitals and they are clearly three-dimensional. I think you'd have to go a pretty long way back to find a high school chemistry textbook saying that electrons follow a path.
Not all teachers are equal. There are plenty of places where the current state of chemistry education is still teaching kids the electrons go around the nuclei in perfect little circular orbits and that electrons that are 'shared' do so by making figure 8's.
In England and Wales, the circular orbits simplification is used at GCSE [1] (age 15-16), but the orbitals/probability thing at A-level [2] (age 16-18).
My teacher (the same for all four years) explained that the first model was an oversimplification, but I don't think it's inappropriate to use it.
Which is still a better model[1] than most of economics has, so trying to teach it like physics or chemistry in the undergraduate curriculum is doomed to failure.
I've lost count of the number of economic scandals over the last few decades in which the banking system has played a central part.
Whether it's price fixing PMs
http://www.reuters.com/article/deutsche-bank-lawsuit-metals-...
the Libor scandal
https://en.wikipedia.org/wiki/Libor_scandal
the obvious high-level links to money laundering
http://www.bbc.co.uk/news/business-36768140
(and many, many more) it's obvious that banking isn't exactly the sober and reputable business it tries so hard to pretend to be.
Any other industry with this level of systemic corruption would be closed down and cleaned out.