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How do you define "praxeology"? My recollection from reading Human Action is it was only defined as "The study of human action."-- which could be scientific or
by oceanghost 5y ago
How do you define "praxeology"? My recollection from reading Human Action is it was only defined as "The study of human action."-- which could be scientific or might not be.
- int_19h 5y agoAs used by the Austrian school, at least, it explicitly rejects empiricism, and uses deduction instead (from premises that are essentially taken for granted).
- oceanghost 5y agoI will accept that. But, I don't think it proves anything. The scientific method is not an exclusive means to seek truth. Science has only one job-- to make testable predictions. It does not inform us about anything else. You're essentially arguing "Falsus in uno, falsus in omnibus" because of an inherently illogical belief that only science can arrive at truth.
- int_19h 5y agoRejecting empiricism means rejecting the very notion that one can make testable predictions, though. If that is rejected, what is the point of economics, even?
- dragonwriter 5y agoAustrian economics is essentially a deductive theology; the purpose is to work out the more detailed/complex implications of the basic axioms (both descriptive and, more importantly, prescriptive) that it assumes.
- adamknott 5y agoMore specifically, as Mises conceives it, it is the study of the UNIVERSAL aspects of human action.