Munich Personal RePEc Archive

Earth magnetism and the economic behavior

Melo, L (2010): Earth magnetism and the economic behavior.

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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.

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