The Third Industrial Revolution has begun (5) - Praxeology (the logic of human action)

<blockquote>'Knowledge is sensation plus intellect.'

'We learn from experience what objects they are and what their properties are.'

- Dr. Hans-Hermann Hoppe, The Science of Human Action lecture, 2011</blockquote>


<blockquote>'Non-praxeological schools of thought mistakenly believe that relationships between certain events are well-established empirical laws...'

- Dr. Hans-Hermann Hoppe [1]</blockquote>


<blockquote>'Praxeology is a science that studies the logic of human action. It is qualitatively distinct from Psychology, Ethics, Technology and History. It is the newest of all sciences (biochemistry or neurobiology are just new branches of the old science of biology). This is because of the specific knowledge which had to be understood before Praxeology could be formulated. Understanding Praxeology reveals powerful conclusions about what must happen when a person acts.'

- Praxgirl [2], Study Praxeology, praxeology.tv (T-Shirt)</blockquote>


Context '..a dagger in the heart of The Mythological Great Moderation.'

<blockquote>The Third Industrial Revolution has begun (1)

The Third Industrial Revolution has begun (2) - Open Source: the automotive industry

The Third Industrial Revolution has begun (3) - Entrepreneurship

The Third Industrial Revolution has begun (4) - In The Electric Universe: real physics in the Electric Solar System</blockquote>


Notes

[1] Economic Science and the Austrian Method

[2] About Praxgirl