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The New Science of Socionomics

Q. What is socionomics?

Socionomics is unlike any other sociological/economic examination of market and social trends. It argues that all social events are the product of collective human psychology, which in turn is based upon unconscious impulses to herd.
 

Q. Can you elaborate?

There is strong evidence that the changes in human attitude precede compatible changes in history and culture. For example, when the social mood is increasingly jubilant and optimistic, the economy tends to expand. When the social mood is increasingly dark and pessimistic, the economy tends to contract. With each expansion and contraction, certain societal characteristics tend to appear on a consistent basis.
 

Q. What is its basis?

Social mood trends are based on prerational mentation which is a result of a herding impulse generated by the brain’s limbic system. The resulting pattern of behavior reflects biological structures and processes found throughout the body.
 

Q. I have never heard of socionomics. Has it been written about before?

Bob Prechter invented the concept and coined the term. He first presented the core ideas in 1985 and 1986 in his papers titled "Popular Culture and the Stock market" and "The Fractal Nature of Social Progress." Recently, Bob released a more comprehensive presentation in his 2-book boxed set Socionomics: The Science of History and Social Prediction.
 

Q. How does the Wave Principle fit into the picture?

Collective mood is patterned according to the Wave Principle and by extension, Fibonacci mathematics. The book provides a substantial amount of new scientific evidence in support of both the Wave Principle and socionomics.
 

Q. Does this mean social trends are predictable?

Yes, to a great degree because society tends to move from collective pessimism to collective optimism and back in a structured progression that is often predictable. When you study a social event in that context, you can see how this patterned progression affects the course of human events – everything from wars to stock market trends to fads in music, movies and dress. Then, you can often anticipate those trends as well.
 

Q. Is all this completely documented?

This science is brand new, so we have discovered only the tip of the iceberg. As time goes on, we fully expect the socionomic horizon to broaden and the empirical evidence that currently supports the legitimacy of socionomics to grow. We welcome all input, particularly rigorous studies in the field.

Scientific Controversy Introduction  -  Mandelbrot's Article  - Prechter's Letter to the Editor
Prechter's Response - Follow-up Responses  -  Socionomics

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