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Praxeology is the study of human action, rooted in the philosophical foundation of methodological individualism and logical reasoning. It examines how individuals make choices based on subjective preferences and the resources available to them, providing a framework for understanding economic behavior and social phenomena. This discipline emphasizes deductive reasoning, deriving principles from self-evident axioms rather than empirical observation. Praxeology is widely associated with Austrian economics, serving as its methodological core, and offers insights into the interconnectedness of actions within complex systems. Ideal for those studying philosophy, economics, or social sciences, praxeology provides a structured approach to analyzing human decision-making processes.
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