praxeology
1
9.9
- noun
- /prækˈsiːɒlədʒi/
- Formal
- The core of Ludwig von Mises' thought is the theory of human action, or praxeology, the general science he seeks to articulate.
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Watch on YouTubeAnd of course, Ludwig von Mises, his work on praxeology, money and credit, and his critiques of socialism and government interventionism.
- And of course, Ludwig von Mises, his work on praxeology, money and credit, and his critiques of socialism and government interventionism.
Examples
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This is another indication that praxeology does not assume the existence of an "economic man," for the benefit from an action may come either from a good or a service directly received in exchange, or simply from the knowledge that someone else will benefit from a gift.
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The study of praxeology examines how people make decisions based on their goals and beliefs.
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And if if it is, I totally still recommend Human Action and, and understanding praxeology or the the logical science of human action.
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Also, when discussing the good of capitalism, I do so in the Randian context of rational self-interest or the Miesian context of rational praxeology.
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And of course, Ludwig von Mises, his work on praxeology, money and credit, and his critiques of socialism and government interventionism.
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In his lectures, the professor emphasized the importance of praxeology in understanding economic behaviors.
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Understanding praxeology provides insights into human actions that can help improve economic theories.
How Practical
96
1.6
- Formal
1
9.9
- Specialized
33
3.4
207
6.7
∞
3.2
Surface Forms
Morphology
praxeology = praxeo + logy
This is a learned classical formation from Greek elements meaning roughly 'action/practice' + 'study', but the base element is not a common English word, so most B1 learners cannot infer the meaning.
Etymology
Praxeology comes from the Greek root praxis, meaning 'action', and the ending -logy, meaning 'study', so it literally means the 'study of action'. Think of the common word practice (the same root): praxeology studies why people act and how they choose, which is why it is used in economics and philosophy.