Praxeology in the context of "Austrian school"

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⭐ Core Definition: Praxeology

In philosophy, praxeology or praxiology (/ˌpræksiˈɒləi/; from Ancient Greek πρᾶξις (praxis) 'deed, action' and -λογία (-logia) 'study of') is the theory of human action, based on the notion that humans engage in purposeful behavior, contrary to reflexive behavior and other unintentional behavior.

French social philosopher Alfred Espinas gave the term its modern meaning, and praxeology was developed independently by two principal groups: the Austrian school, led by Ludwig von Mises, and the Polish school, led by Tadeusz Kotarbiński.

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Praxeology in the context of Ludwig von Mises

Ludwig Heinrich Edler von Mises (/vɒn ˈmzɪz/; German: [ˈluːtvɪç fɔn ˈmiːzəs]; September 29, 1881 – October 10, 1973) was an Austrian and American political economist and philosopher of the Austrian school. Mises wrote and lectured extensively on the social contributions of classical liberalism and the central role of consumers in a market economy. He is best known for his work in praxeology, particularly for studies comparing communism and capitalism, as well as for being a defender of classical liberalism in the face of rising illiberalism and authoritarianism throughout much of Europe during the 20th century.

Since the mid-20th century, both libertarian and classical liberal movements, as well as the field of economics as a whole have been strongly influenced by Mises's writings. Economist Tyler Cowen lists his writings as "the most important works of the 20th century" and as "among the most important economics articles, ever". Entire schools of thought trace their origins to Mises's early work, including the development of anarcho-capitalist philosophy through Murray Rothbard and the contemporary Austrian economics program led by scholars such as Peter Boettke at George Mason University.

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Praxeology in the context of Richard von Mises

Richard Martin Edler von Mises (German: [fɔn ˈmiːzəs]; 19 April 1883 – 14 July 1953) was an Austrian scientist and mathematician who worked on solid mechanics, fluid mechanics, aerodynamics, aeronautics, statistics and probability theory. He held the position of Gordon McKay Professor of Aerodynamics and Applied Mathematics at Harvard University. He described his work in his own words shortly before his death as:

Although best known for his mathematical work, von Mises also contributed to the philosophy of science as a neo-positivist and empiricist, following the line of Ernst Mach. Historians of the Vienna Circle of logical empiricism recognize a "first phase" from 1907 through 1914 with Philipp Frank, Hans Hahn, and Otto Neurath. His older brother, Ludwig von Mises, held an opposite point of view with respect to positivism and epistemology. His brother developed praxeology, an a priori view.

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