Economics and Armchair Psychology
John Kozy
Image: John Maynard Keynes
“Economics is haunted by more fallacies than any other study known to man.”― Henry Hazlitt
Over millennia, numerous enterprises have sought the status of science. Few have succeeded because they have failed to discover anything that stood up to scrutiny as knowledge. No body of beliefs, no matter how widely accepted or how extensive in scope, can ever be scientific.
In the Ptolemaic system of astronomy, the epicycle is a geometric model of the solar system and planetary motion. It was first proposed by Apollonius of Perga at the end of the 3rd century BCE and its development continued until Kepler came up with a better model in the 17th century, and the geocentric model of the solar system was replaced by Copernican heliocentrism. In spite of some very good approximations to the problems of planetary motion, the system of epicycles could never get anything right.
Phrenology was originated by Franz Joseph Gall [right] in the late 1700s. After examining the heads of a number of young pickpockets, Gall found that many of them had bumps on their skulls just above their ears and suggested that the bumps, indentations, and shape of the skull could be linked to different aspects of a person’s personality, character, and abilities. Gall measured the skulls of people in prisons, hospitals, and asylums and developed a system of 27 different “faculties” that he believed could be directly diagnosed by assessing specific parts of the head, and he chose to ignore any contradictory evidence. After Gall’s death in 1828, several of his followers continued to develop phrenology. Despite some brief popularity, it was eventually viewed as a pseudoscience much like astrology, numerology, and palmistry. All of these, too, could never get anything right.
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http://www.globalresearch.ca/economics-and-armchair-psychology/5335230