“Mises proposes the term “praxeology” (the logic of action) for the branch of knowledge exemplified by economics.”
– Praxeology and Economic Science [1]
“Praxeology is a framework for modeling human action. The term was coined and defined as “The science of human action” in 1890 by Alfred Espinas in the Revue Philosophique, but the most common use of the term is in connection with the work of Ludwig von Mises and the heterodox Austrian School of economics.”
– Praxeology [2]
— Notes —
[1] http://mises.org/esandtam/pes1.asp
[2] http://en.wikipedia.org/wiki/Praxeology
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