82. Praxeology

Look this up on Google - you will find a fascinating body of information that could alter your view on Economics.

Praxeology (Gr. πρᾶξις (praxis) ″action″, λόγος (logos) ″talk, speech″) is the deductive study of human action based on the notion that humans engage in purposeful behavior, as opposed to the notion that all human behaviour is merely stimulus response in nature based on learning and genes or reflexive behavior like sneezing and inanimate behavior

Praxeology 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 is the distinctive methodology of the Austrian School. The term was first applied to the Austrian method by Ludwig von Mises

Walter Block: Praxeology and Austrian Economics - https://www.youtube.com/watch?v=N9rBvQG1l0o