The Socionomic Theory of Finance

by Robert R. Prechter Jr.

The Socionomic Theory of Finance is a 13-year-long effort by Robert Prechter. It includes supporting chapters from twelve other scholars, writers, researchers and analysts. In contrast to the dismal science of economics, Prechter's theory is original, exciting and intellectually fulfilling. Every chapter rebuts conventions and offers ground-breaking insights in presenting a cohesive model with real-world application. The book draws a crucial distinction between finance and economics and ties both fields to human social behavior. Top reviewers from multiple disciplines have offered acclaim. Professor Terry Burnham calls it "the best book ever written on financial markets." In time, STF will transform the thinking of every individual in the world of finance. Read it and be among the first.

1085 pages, Kindle Edition

Published January 19, 2017

About the author

Robert R. Prechter Jr. (born March 25, 1949) is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and his book Conquer the Crash was a New York Times bestseller in 2002. He also has published monthly financial commentary in the newsletter The Elliott Wave Theorist since 1979, and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the CMT Association for nine years, and as its president in 1990–91. He has been a member of Mensa and Intertel. In recent years Prechter has supported the study of socionomics, a theory about human social behavior.

Reviews

[David · Rating 3 out of 5]

This has to be the most repetitive book I've ever read. The author makes their point in the first chapter of the book and then repeats the exact same point over and over 50+ times in the next 50+ chapters. If you've read the first chapter of this book, you've read the whole book because the rest of the book doesn't have anything new.

Even if you ignore this big flaw, the ideas presented in this book are plain ridiculous and already been proven wrong many times. You might as well call this an astrology book of stock market. The author spends most of the book mocking economists and financial analysts for making wrong predictions, then claims that his method is a lot better than predicting stock performance and the future of the economy but when you actually look him up you see that his track record isn't any better than those economists and financial analysts he mocks. The author has been correct only 25% of the time which is worse than a coin toss.

[Michael Scroggins · Rating 5 out of 5]

I love books that are really well done but have fake words in them. Smh.