%A Dr. Ulas Basar Gezgin %T Economic Crisis as Trauma and Psychotherapy as the Guardian of Status Quo %X Using the lingo of the discipline of law and philosophy of law and ethics, traumas may be either natural -just like natural laws- or positive -ie. man-made. Economic crises in contrast to natural disasters are a man-made source of trauma. So it is ideological to take the current economic system as a given and oblige the client or counselee to change. Psychologists should either be politicians or authoritative consulters to political power at the extent of guiding welfare politics. This is akin to Plato?s proposal to the direction of having philosopher kings and/or king philosophers. Apart from this prescriptive plane, in this paper, the descriptive considerations pertaining to the social and psychological repercussions of economic crises are presented and the notion of economism -that is the idea that all social phenomena can be reduced to economic phenomena and can be analysed solely by the means provided by the discipline of economics accordingly- is put under scrutiny. %D 2002 %K economic crisis, economic psychology %L cogprints4906