Mises on Praxeology

11 Pages Posted: 16 Nov 2016 Last revised: 17 Nov 2016

Date Written: November 13, 2016


Philosopher and Economist Ludwig von Mises established an epistemological structure in order to justify his position concerning economic principles. Praxeology begins with the undeniable fact that human beings act in a purposeful manner. Praxeology is the logical framework used in the deductive process which allows for conclusions to made upon certain actions. This paper will defend Mises’s argument as to why praxeology is the most appropriate means in explaining economics.

The paper’s objectives are to address and summarize portions of: 1) Mises’s praxeology, 2) on history, and lastly, 3) this paper concludes with a recommendation into further research to expand on the viability of praxeology synergizing with ethical systems; most notably with the emerging discipline of Islamic Economics.

Keywords: Philosophy of Economics, Philosophy, Economic Science, Mises, Praxeology, Austrian Economics, Epistemology, Capitalism, Islamic Economics

JEL Classification: a13, b13

Suggested Citation

Delgado, Richard, Mises on Praxeology (November 13, 2016). Available at SSRN: https://ssrn.com/abstract=2868872 or http://dx.doi.org/10.2139/ssrn.2868872

Richard Delgado (Contact Author)

Assumption University ( email )

592/3 Ramkhamhaeng 24
Hua Mak
Bangkapi, Bangkok 10240

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