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Dr.
Arthur F. Burns, former Chairman of the President's
Council of Economic Advisers, and considered to be the
world's foremost authority on business cycles once
observed -"Economists have not yet evolved, if they ever
will, a technique for making dependable forecasts."
Economic
activities are peculiarly concerned with the future and forecasting is of the essence of such activities.
Men
in business are constantly obliged to consider the
future. In fact, their prosperity is dependent chiefly
upon their ability of successfully foresee economic
developments.
In
fact, recessions begin and end in the 'minds of men'.
The ups and downs of the Business Cycle, the Stock
Market, Gold, Silver, Real Estate, etc., are caused by
men. And since the actions of men are the result of
their thinking, be it positive or negative, the cure
must lie in a change of thought. Economics and
psychology go hand in hand. Hence the need for studying
Economic Psychology, and the oldest technique for this
study has been indicated by Dr. Carl G. Jung of Zurich,
Switzerland, one of the world's greatest psychologists,
who has stated,
"Astrology
represents the summation of all the psychological
Knowledge of Antiquity."
Scientists today cannot look
down on astrology; instead, they must raise their eyes
to take in the higher horizons that astrologers have
preserved for them. Astrology is one of the most
important fields for scientific research to-day, and one
of the most neglected.
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