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Earth magnetism and the economic behavior

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  • Melo, L

Abstract

This paper provides an analysis of how the current economic crisis and the changes in the earth magnetism can be an opportunity to develop an economic system based on more balanced economic relationships. Consciousness is fundamental to achieve this. A practical example, examined in the article, to understand how consciousness and the belief systems affect the observed reality, is associated with the effect that the credibility of economic authorities and individuals’ expectations have on the behavior of different economic variables. The paper examines how other fields of science such as physics and psychology offer us several elements to understand current economic relationships. Nature provides us elements that could help with the creation of a new economy reality. In particular, the paper analyzes how the fall in the intensity of the earth’s magnetic field could facilitate this process.

Suggested Citation

  • Melo, L, 2010. "Earth magnetism and the economic behavior," MPRA Paper 21656, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:21656
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    References listed on IDEAS

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    6. Sergey Chernouss & Antoly Vinogradov & Elvira Vlassova, 2001. "Geophysical Hazard for Human Health in the Circumpolar Auroral Belt: Evidence of a Relationship between Heart Rate Variation and Electromagnetic Disturbances," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 23(2), pages 121-135, March.
    7. Anya Krivelyova & Cesare Robotti, 2003. "Playing the field: Geomagnetic storms and international stock markets," FRB Atlanta Working Paper 2003-5, Federal Reserve Bank of Atlanta.
    Full references (including those not matched with items on IDEAS)

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Earth magnetism and the crisis
      by Economic Logician in Economic Logic on 2010-04-29 19:10:00

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    More about this item

    Keywords

    Economic crisis; economic preferences; earth magnetism;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D60 - Microeconomics - - Welfare Economics - - - General

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