Plato and his student Aristotle believed in the geocentric theory. It was the ruling explanation model about how our solar system was put together for several hundreds of years.
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There is no "geocentric theory". Anybody who takes more than a trivial interest in the world around him knows that the Earth orbits the Sun. Even the ancient Greek mathematicians like Aristarchus of Samos knew this.
The idea that the Sun and everything go around the Earth, with the Earth at the center ("geo" means "Earth", and centric means "goes around") is an obvious notion; any farm child can see this. People like Aristotle never gave any thought past the most obvious one.
Aristotle himself was probably the wrong-est person in history; virtually everything that he wrote was ignorant and wrong, sometimes aggressively so. He is probably responsible for more death and disease than any other person on the Earth. His astronomy was childish, his medical writings laughably wrong, his ethics toxic, and his science foolish. When Science Fiction authors write stories about evil space aliens who came to Earth in the distant past to keep humanity ignorant and divided, Aristotle is their number one role model.
From what little I understand of your question I am guessing that the theory that is no longer accepted could be the Geocentric Model of the Universe. That is the theory that everything revovles aroung the Earth while the Earth is stationary.
Copernicus's theory was called the Heliocentric Theory. It said that the Earth and planets orbited around the sun, and the Sun was the center of the universe. The previous theory, mainly advocated by the Catholic Church, was called the Geocentric Theory; which stated that the Sun and planets orbited around the Earth, and that the Earth was the center of the Universe.
Yes, that's what "geocentric" means.
Geocentricism is the belief that the Earth is the center of the Universe and all other celestial objects revolve around it. (The Geocentric Theory)
Geocentric -- ie, the Earth is at its center.