Pioneering Studies in Socionomics

“Revolutionary! This book completely turns around the conventional direction of causality between financial markets and social moods and behaviors. This is a pathbreaking work that will be seen as the vanguard for an entirely different view of social and behavioral phenomena.” 

— John Casti, Ph.D. Professor, Santa Fe Institue and Technical University of Vienna, Austria Author of Paradigms Lost and The Cambridge Quintet

“The book is a masterpiece of applied science. It serves as an encyclopedia of facts and ideas, making all of us much smarter and more farsighted regarding the dynamics of human society.” 

— Valeri Safonov, Ph.D. Forma Tres Company, Riga, Latvia

“In Pioneering Studies in Socionomics, Robert Prechter has made a strong argument that socionomics describes social and economic behavior better than traditional economic theories. More important, he argues that it provides more useful predictions. He presents a very compelling case.” 

— John Nofsinger, Ph.D. Assistant Professor of Finance, Washington State University Author of Investment Madness: How Psychology Affects Your Investing...And What To Do About It

“Predicting the stock market is a national pastime. In this book, Prechter and colleagues turn the tables and explore the stock market as a predictor in its own right. Because the market is a sensitive gauge of national and world mood, Prechter holds, its movements can be used to anticipate everything from the popularity of brand names and spectator sports to the outbreaks of war. The socionomic thesis is a provocative one, worthy of serious consideration and investigation.” 

— Brett N. Steenbarger, Ph.D. Associate Professor of Psychiatry and Behavioral Sciences, SUNY Upstate Medical University Author of The Psychology of Trading