Economic Theories – International Economic Relations PRAXEOLOGY IN MISES’S WORK

Abstract: Praxeology is the science of human action and conduct. It is the study of those aspects of human action that can be grasped a priori; in other words, it is concerned with the conceptual analysis and logical implications of preference, choice, means-end schemes, and so forth. Praxeology consists of the logical implications of the universal formal fact that people act, that they employ means to try to attain chosen ends. Technology deals with the problem of how to achieve ends by adoption of means. Psychology deals with the question of why people adopt various ends and how they go about adopting them. Ethics deals with the question of what ends, or values, people should adopt. And history deals with ends adopted in the past, what means were used to try to achieve them-and what the consequences of these actions were. Key words: Praxeology, economics, human action, decision, satisfaction, error Praxeology is a unique discipline within the social sciences; for, in contrast to the others, it deals not with the content of men's values, goals, and actions-not wit