This book introduces you to the new science of socionomics and shows you how history unfolds not randomly or in cycles but as form-driven fractal waves. It's fun and entertaining, too. One seasoned veteran reported, "I kept nodding my head, sometimes laughing out loud and shouting Yes!"
In this volume, Robert Prechter proposes a new science called socionomics. It's the study of how humans interact, and how that interaction determines the course of the economy, culture and history.
The purpose of this book is to establish the idea that in humans, an unconscious herding impulse drives social mood trends and changes that are specifically patterned according to a natural growth principle and which in turn is the engine of cultural expression and social action.
Part I: An Introduction to the Idea of the Wave Principle
Part II: Validating the Wave Principle by its Own Operation
Part III: The Basis of the Wave Principle in Biology, Psychology, and Sociology
Part IV: An Introduction to Socionomics
Part V: Further Afield
Robert Prechter began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist since 1979 and is the president of Elliott Wave International. He is also founder of the Socionomics Institute, which studies social mood and its impact on social action, including the stock market and the economy.
Social mood trends represent changes in human attitudes. There is compelling evidence that changes in social mood trends precede changes in history and culture, indicating that the former causes the latter. This orientation has allowed successful forecasting of financial, economic, political and cultural events. The relationship of the pattern to Fibonacci mathematics suggest that the Wave Principle is another manifestation of a type of growth pattern found throughout nature in processes of growth and decay, expansion and contraction. The Wave Principle of Social Behavior is your key to unlocking the secrets of this powerful forecasting engine.