Socionomics V’s Socioeconomics

Apr 30, 2012 | Uncategorized

People sometimes give socionomics the misnomer “socioeconomics.” Here are the key differences between the two fields.

Socionomics is the study of how social mood motivates social actions. It studies how waves of social mood regulate changes in social behavior, including changes in the economy, political preferences, financial markets and popular culture.

Socioeconomics is the study of the social results of economic changes. Its goal is to monitor and evaluate how changing economic conditions interact with shifting social conditions to influence the economy and the economic status of people.

Socionomists and socioeconomists examine changes in the social environment and the economy, but socionomists propose that social mood is the primary cause behind those changes and have a model that anticipates them.

Courtesy of the Socionomics Institute, http://www.socionomics.net/2011/04/socionomics-vs-socioeconomics/

<a href="https://ugc.net.au/author/joel/" target="_self">Joel Hewish</a>

Joel Hewish

Joel is the founder and CEO of UGC. He is a licensed financial advisor with 15 years experience assisting clients grow, manage and protect their wealth.

Recent News

Episode 114: Have The Markets Reacted To a COVID-19 Normal World?

Episode 114: Have The Markets Reacted To a COVID-19 Normal World?

This week’s edition of the investor exchange podcast kicks off with a discussion on the COVID-19 situation in Victoria. It’s been 20 days since Victoria recorded its last case and is on track towards a COVID normal Christmas. Following that, Louis talks about the benefits of holiday for your mental health which in turn impacts our performance in work and in life. Brett takes us through the changes in stamp duty that will soon be in place for home buyers soon and breaks down what the costs and benefits will be. Finally, Joel provides a share market update and highlighting the current situation in the United States.