[philwelch]

Psychology (at least contemporary research psychology) is based on empirical research and judicious use of statistical techniques; Austrian economics is based on philosophical handwaving. Psychology involves observation and allows for an element of surprise; Austrian economics, at least since the days of Rothbard, involves coming up with moralistic arguments for libertarianism. (The early Austrians were important in the history of economics, but being an Austrian economist today is like being a Freudian psychologist today; people do it, but one has to look askance at such a person.)