Geocentric model coelestium" ("On the Revolutions of the Heavenly Spheres"), which posited that the Earth and the other planets instead revolved around the Sun. The geocentric system was still held for many years afterwards, as at the time the Copernican system did not offer better predictions than the geocentric system, and it posed problems for both natural philosophy and scripture. The Copernican system was no more accurate than Ptolemy's system, because it still used circular orbits. This was not altered until Johannes Kepler postulated that they were elliptical (Kepler's first law of planetary motion). With the invention of the telescope in 1609,
Central bank In this context, independence is usually defined as the central bank's operational and management independence from the government. Central bank independence is usually guaranteed by legislation and the institutional framework governing the bank's relationship with elected officials, particularly the minister of finance. Central bank legislation will enshrine specific procedures for selecting and appointing the head of the central bank. Often the minister of finance will appoint the governor in consultation with the central bank's board and its incumbent governor. In addition, the legislation will specify banks governor's term of appointment. The most independent central banks enjoy a fixed non-renewable term