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

by Prechter, Robert R., Jr.

• ISBN13: 9780932750495
• ISBN10: 0932750494
• Format: Hardcover
• Copyright: 1999-03-01
• Publisher: New Classics Library

Summary

R.N. Elliott's announcement of his discovery of the Wave Principle sixty years ago was a major breakthrough in sociology. To summarize Elliott's achievements, he discovered that the stock market displays fractal geometry, he discovered and described the component patterns and how they link together, he recognized (with the help of Charles Collins) the basis of the patterns in Fibonacci mathematics, and he concluded from all this evidence that human social progress regulates itself according to natural laws of growth and expansion that are found throughout the universe. As Robert Prechter explains herein, this simple yet profound formulation reveals that, on the whole, the endogenous ebb and flow of social mood that propels mankind's progress follows a robust fractal and spiral design that closely resembles the development of all kinds of living forms.

Table of Contents

Foreword	10	(13)
Part I: An Introduction to the Idea of the Wave Principle
Basic Tenets of the Wave Principle	23	(10)
Universal Forms: Fractals, Power Laws and Spirals in Self-Organizing Systems, and Their Connection to the Wave Principle	33	(22)
Robust Fractals and Fibonacci Mathematics	55	(34)
Part II: Validating the Wave Principle by its Own Operation
Modeling and Quantification Support the Validity of the Wave Principle	89	(10)
Forecasting Pattern on the Basis of Pattern	99	(18)
Forecasting Price Extremes on the Basis of Typical Wave Relationships	117	(16)
Relating Aspects of Market Behavior to Wave Degrees	133	(14)
Part III: The Basis of the Wave Principle in Biology, Psychology and Sociology
Unconscious Herding Behavior as the Psychological Basis of the Wave Principle	147	(16)
Theories and Observations Relating to Impulsivity and Herding	163	(16)
Biological Connections to the Robust Fractal Aspect of the Wave Principle	179	(12)
Biological and Perceptual Connections to the Fibonacci Foundation of the Wave Principle	191	(12)
Mentational Connections to the Fibonacci Foundation of the Wave Principle	203	(10)
From Long Waves to Rapid Vibration: The Motor of Life?	213	(14)
Part IV: An Introduction to Socionomics
Components of Mood	227	(10)
Popular Cultural Trends as Manifestations of Social Mood Trends	237	(22)
Historical Impulsion: Events that Result from Social Mood Trends	259	(30)
Forecasting Success Supports the Validity of Socionomics	289	(34)
Thinking Socionomically	323	(28)
Part V: Further Afield
Problems with Conventional Approaches to Financial Markets, and Their Solution in Socionomics	351	(42)
Some Key Fundamentals of Socionomics	393	(26)
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	419	(24)
References	443	(14)
Index	457