The Socionomc Theory of Finance

World-changing books about finance aren't built in a day. Adam Smith needed 17 years to write The Wealth of Nations. John Maynard Keynes took six years to write The General Theory of Employment, Interest and Money. Yes, those are lofty comparisons. And yes, later histories will record whether the socionomic theory of finance actually did replace conventional macroeconomics. Even so: You can read The Socionomic Theory of Finance and make your own judgement, today. The non-textbook style makes The Socionomic Theory of Finance a delight to read and re-read. The page count is formidable, yet it's not a 'long book.' It's topically organized into forty-four dedicated chapter essays, which blend like an elegant kaleidoscope of insights into the theory. You can read most of the chapters in 10-15 minutes. Each one answers a question, solves a problem, or exposes the flawed logic of conventional macroeconomics. The Socionomic Theory of Finance is the best book ever written on financial markets. It is humble & bold, broad & deep, and crystal clear yet mysterious.' -- Terry Burnham, Professor of Finance, Chapman University; Professor of Economics, Harvard, 1997-2004; author, Mean Markets & Lizard Brains--the New Science of Irrationality. The Socionomic Theory of Finance presents the 13-year-long work of Robert Prechter, yet also includes essays on socionomics from 12 other scholars, writers, researchers and analysts. That's exactly how a far-reaching new theory of finance should develop. The book is an elegant, internally consistent, and entirely original alternative to a failed model. Top academics across multiple disciplines have already offered their acclaim. In time, it will transform the thinking of every individual in the world of finance. Read it and be among the first.

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