Category Archives: Category: Praxeology

“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

‘..they lost any sense of .. real people..’

‘I gloomily came to the ironic conclusion that if you take a highly intelligent person and give them the best possible, elite education, then you will most likely wind up with an academic who is completely impervious to reality.

‘Human action, not prediction..’

‘The State jealously guards the power over Society which it has acquired during a climate of fear .. the State (which was feared and despised in 1789) .. the “protective” service rendered by the State is paid for not only with taxes but also with subservience. Society is much poorer for it.’

‘..courage of the human race .. reason’

‘O Liberty! we have seen thee hunted from country to country, crushed by conquest, groaning under slavery, insulted in courts, banished from schools, laughed at in saloons, misunderstood in workshops, denounced in churches. It seems thou shouldst find in thought an inviolable refuge. But if thou art to surrender in this thy last asylum, what becomes of the hopes of ages, and the boasted courage of the human race?’

Affectivity, Action, Electricity

‘Touching is an important means for information, exchange and communication. It is a form of communication that is very important for living and surviving. Touching is essential in our life..’

To Reflect

‘Economics opened to human science a domain previously inaccessible and never thought of.’

– Llewellyn H. Rockwell Jr. (Context)

‘..the progress of science is determined by free inquiry..’

‘ “Science” is not, as some people imagine, memorizing a list of facts (such as the names of the planets). Nor is the progress of science determined by laboratory experiments. This is because, at the edge of our knowledge, accepted laboratory experiments don’t exist and, in certain fields, laboratory experiments might not even be possible. Rather, the progress of science is determined by free inquiry, open discussion, and transparency among those engaged in a discipline.’