The Importance of Psychological Truth

The social science of economics produced a trillion-dollar bust when the American financial system went over the edge in 2008. The financial chicanery engineered by Wall Street was staged and directed by a circus troupe of economists who graduated from (and taught at) America’s top universities. Will some of these economists do the honorable thing and, before they pack up their tents and pet theories, tell us exactly how their so-called scientific discipline produced so much falsehood?

Yes, we have a legitimate gripe with economics. But we can be equally disgusted with the field of psychology. It is producing its own brand of second-rate information and subprime factoids that are preventing us from getting to the heart of our personal and national dysfunction.

Academic psychologists have borrowed their knowledge from books. They have not plunged into their own unconscious mind to discover essential truths about human nature. Instead, they have run off with their so-called scientific method to count all the correlations dancing on the head of a statistic. Hence, they flood the marketplace of ideas with second-rate and misleading information.