Follow this link for a description of socionomic theory. Prechter has made presentations about socionomic theory at the London School of Economics, MIT, Georgia Tech, SUNY, University of Cambridge, University of Oxford, Trinity College Dublin and various scholarly conferences. Under development since the 1970s, this idea first reached a national audience in a 1985 cover article in Barron’s. His “socionomic hypothesis” is that social mood, which is endogenously regulated, is the primary regulator of social action. Prechter has developed a theory of the causality of social action-called socionomics-which accounts for the character of trends and events in finance, macroeconomics, politics, fashion, entertainment, demographics and other aspects of human social history. Elliott’s model of financial pricing called the Wave Principle. Prechter is known for developing a theory of social causality called socionomics, for developing a new theory of finance and for his long career applying and enhancing R.N.
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