Praxeology
Praxeology is the general theory of the science of human action. It asserts one axiom out of which all subsequent concepts are derived: Every human being, at any given point in time, aims at certain ends and chooses out of the available means in order to attain these ends. Praxeology examines the objectives that humans aim at and the means they employ in order to attain these objectives. It explains the causes and effects of human actions. It does not explain the thought process that leads to the decision of pursuing a certain aim (psychology). Nor does it question the morality of a person’s ends (ethics). It merely examines whether the means that a person or a group employs are fit to attain the end sought.
Every human action is an act of exchange. At any given point in time, a person trades one state of affairs for a different one. This is the driving force of all action.
The axiom that humans aim at objectives and act in order to attain these is irrefutable. If one were to set out to refute its correctness he himself would be aiming at an objective and choose actions that he sees fit to attain this objective.
Economics covers a subset of praxeology and is the main subject matter of this site.
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