“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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‘There is no reason to suppose that this process will come to a halt short of reaching the Garden of Eden, where all scarcity has disappeared..’ – Hans-Hermann Hoppe ‘..to sustain a higher standard of living, the production structure—the capital structur—must be permanently “lengthened.” As more and more capital is added and maintained in civilized …
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