What is the Replication Crisis a Crisis Of?

In recent debates about the replication crisis, two positions have been dominant: One that focuses on methodological reforms and one that focuses on theory-building. This paper takes up the suggestion that there might be a deeper difference in play, concerning the ways the very subject matter of psychology is construed by opposing camps, i.e., in terms of stable effects vs in terms of complexity. I argue that both gets something right, but neither is sufficient. My analysis suggests that the context-sensitivity of the psychological subject matter needs to be front and center of methodological and theoretical efforts.