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Praxeology is the distinctive method of the Austrian school of economics, popularized by the economist Ludwig Von Mises. It rests on the fundamental axiom that individual human beings act, that is, on the primordial fact that individuals engage in conscious actions toward chosen goals. This concept of action contrasts to purely reflexive, or knee-jerk, behavior, which is not directed toward goals.

Definition provided by the Mises Institute
The basic principles of praxeology were first discovered by the Greek philosophers, who used them as a foundation for a eudaimonistic ethics.
by Corn Goblin June 01, 2017
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