Quote by: Ludwig von Mises

Praxeology is a theoretical and systematic, not a historical, science. Its scope is human action as such, irrespective of all environmental, accidental, and individual circumstances of the concrete acts. Its cognition is purely formal and general without reference to the material content and the particular features of the actual case. It aims at knowledge valid for all instances in which the conditions exactly correspond to those implied in its assumptions and inferences. Its statements and propositions are not derived from experience. They are, like those of logic and mathematics, a priori. They are not subject to verification or falsification on the ground of experience and facts.


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Author Bio


  • NameLudwig von Mises
  • Descriptionaustrian economist
  • BornSeptember 29, 1881
  • DiedOctober 10, 1973
  • CountryUnited States Of America; Austria
  • ProfessionEconomist; Philosopher