The Wave Principle of Human Social Behavior and the New Science of Socionomics

by Robert R Prechter

Overview

What drives our social mood? Our actions? Our motivations? Can we look into the make-up of the universe and apply it to who we are and what we do? The answers to these questions are to be found in the new science of socionomics.

Socionomics evolved from the Wave Principle, a theory of patterns in financial markets. Now Robert Prechter proposes that this very same principle can be applied to our own social and cultural lives. Prechter shows that dominant aspects of our unconscious mentation are characterized by measurable patterns. Those patterns form the building blocks of humankind's social interaction, and in turn, the Wave Principle.

Product Details

ISBN-13:	9781946597021
Publisher:	Socionomics Institute Press
Publication date:	12/31/2016
Series:	Science of History and Social Prediction , #1
Edition description:	2nd ed.
Pages:	472
Product dimensions:	6.14(w) x 9.21(h) x 1.00(d)

About the Author

Robert R. Prechter is known for developing a theory of social causality called socionomics and for his career applying and enhancing the Wave Principle, R.N. Elliott's fractal model of financial pricing. Prechter has made presentations on socionomic theory at the London School of Economics, the University of Oxford, the University of Cambridge, MIT, Trinity College Dublin, Georgia Tech, SUNY and various academic and financial conferences. In 2005, Prechter created the Socionomics Institute, which is dedicated to research and the application of socionomics, and the Socionomics Foundation, which supports academic research in the field. Prechter and colleagues have written several academic papers, including "The Financial/Economic Dichotomy" (2007) and "Social Mood and Presidential Elections" (2012), which became the third most downloaded paper on the Social Science Research Network that year. Prechter graduated from Yale University in 1971, joined the Market Analysis Department of Merrill Lynch in New York in 1975 and founded Elliott Wave International in 1979, where he has published monthly market analysis in The Elliott Wave Theorist. Prechter has authored, edited or contributed to 18 books. His recent work, "The Socionomic Theory of Finance," aims to replace conventional financial and macroeconomic theory with an internally and externally consistent paradigm based on socionomics. He is also a member of the Triple Nine Society and the Shakespeare Oxford Society.

Table of Contents

Part I: An Introduction to the Idea of the Wave Principle

1: Basic Tenets of the Wave Principle

2: Universal Forms: Fractals, Power Laws and Spirals in Self-Organizing Systems, and Their Connection to the Wave Principle

3: Robust Fractals and Fibonacci Mathematics

Part II: Validating the Wave Principle by its Own Operation

4: Modeling and Quantification Support the Validity of the Wave Principle

5: Forecasting Pattern on the Basis of Pattern

6: Forecasting Price Extremes on the Basis of Typical Wave Relationships

7: Relating Aspects of Market Behavior to Wave Degrees

Part III: The Basis of the Wave Principle in Biology, Psychology and Sociology

8: Unconscious Herding Behavior as the Psychological Basis of the Wave Principle

9: Theories and Observations Relating to Impulsivity and Herding

10: Biological Connections to the Robust Fractal Aspect of the Wave Principle

11: Biological and Perceptual Connections to the Fibonacci Foundation of the Wave Principle

12: Mentational Connections to the Fibonacci Foundation of the Wave Principle

13: From Long Waves to Rapid Vibration: The Motor of Life?

Part IV: An Introduction to Socionomics

14: Components of Mood

15: Popular Cultural Trends as Manifestations of Social Mood Trends

16: Historical Impulsion: Events that Result from Social Mood Trends

17: Forecasting Success Supports the Validity of Socionomics

18: Thinking Socionomically

Part V: Further Afield

19: Problems with Conventional Approaches to Financial Markets, and Their Solution in Socionomics

20: Some Key Fundamentals of Socionomics

21: The Kitchen Sink: Linking Physics to the Human Social Experience, A Principle Behind Ordered Complexity, Hints of Robust Fractals in the Heavens, the Fibonacci Foundation of Robust Forms, and Phimation as an Opposing Principle to Entropy

Editorial Reviews

“This is unquestionably a ground-breaking work whose audacious arguments can only be described as stunning and revolutionary in intent and scope. These far-reaching hypotheses are a testament to Prechter’s unequaled ability to weave together emerging evidence into a stunning new model. After reviewing my not inconsiderable library of key political science books, I am unable to find any books that are as sweepingly important and have the same potential to bring about a paradigm shift in the study of social events.”

—Roman Franko, PhD Comparative Politics; market analyst for the National Post and Dundee Securities; former lecturer, Queen’s University; contributor, Canadian Securities Institute’s Technical Analysis course; member, Canadian Society of Technical Analysts

“I love this theory. Socionomics is sure to be a primary reference source for quite some time. The volume and value of analysis that Prechter has conducted is something hard to over-appreciate. There should be university courses and degrees in the science of socionomics and perhaps Nobel Prize winners as well. I recommend many readings of the book to appreciate it in depth.”

—Professor Valeri Safonov, PhD Social Psychology, BA Mathematics and Systems Analysis; lecturer, Moscow College of Economics & Linguistics and the Institute of Economics and Culture; former First Secretary of Ministry of External Affairs of USSR and economist with the Russian Embassies in Canada and India

“A masterpiece of intelligence and ingenuity. Socionomics-grounded thinking will take us over a whole new conceptual threshold in understanding how human sociological and psychological processes are embedded in the behavior of large-scale cultural phenomena.”

—Larry R. Vandervert, PhD; founder, the Society for Chaos Theory in Psychology and the Life Sciences; founder, American Nonlinear Systems; Fellow, American Psychological Association; contributor, Journal of Mind and Behavior, CyberEducation: The Future of Long Distance Learning and The International Handbook on Innovation

“With The Wave Principle of Human Social Behavior and the New Science of Socionomics, Prechter has moved Elliott’s work to a higher level.”

—George Schade; Market Technicians Association

From the Publisher