Praxeology

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Christian Robitaille

Can sociology be integrated into Mises's epistemological distinction between theory and history? What can sociology accomplish as a historical discipline?

Ludwig von Mises

There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.

Murray N. Rothbard

The praxeological method was the basic method of the earlier Austrian school and also of a considerable segment of the older classical school.

Murray N. Rothbard

It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.

Ludwig von Mises

All human action stems from the value judgments of individuals. Economics, properly understood, was never so foolish as to believe that all that people are after is higher incomes and lower prices.

Jeffrey M. Herbener

Humans use action to attain certain ends. But they must choose what actions to take. And choice also requires judgment about the best way to achieve the preferred ends. 

Carmen Elena Dorobăț

Mises’s unique social theory does not appear to have had any precursors. However, the French liberal Destutt de Tracy, is one author who preceded and shared Mises’s rationalist views on society.