Principles of Praxeology Part VI - Valuation and Appraisal
Principles of Praxeology – Part VI: Valuation and Appraisal
What is value? Can we measure satisfaction? Why do we act — and what do we give up when we do?
In this concise and powerful presentation, Dr. Antony P. Mueller of the International Mises Academy guides you through Part VI of the Principles of Praxeology series, focusing on Valuation and Appraisal — one of the most fundamental yet misunderstood aspects of economic science.
Discover how Austrian economics, rooted in the logic of human action, reveals that:
• All value is subjective — there is no “standard unit” of happiness.
• Markets don’t evaluate — only individuals do.
• Cost and profit are psychological, not numerical.
• Time, uncertainty, and purpose are essential to every decision.
• Even altruistic behavior is driven by personal preference.
This module introduces key praxeological insights into valuation, preference ranking, and economic decision-making. Learn why ordinal preference (not cardinal measurement) is the only valid framework for understanding choice, and why action is impossible without uncertainty.
Whether you’re a student of Austrian economics, a praxeology enthusiast, or just curious about how real human beings value and act — this presentation delivers deep clarity in a short, structured format.
🧠 You Will Learn:
• Why value judgments are always personal
• How prices emerge from individual action
• Why profit is not a number but a satisfaction
• How time and causality structure all economic behavior
🎓 Instructor: Dr. Antony P. Mueller
🏛 Presented by: The International Mises Academy
Unlock the timeless insights of Austrian economics and praxeology with this focused module on Valuation and Appraisal. You’ll get: • A clear explanation of why value is always subjective and personal • Key distinctions between price, cost, and profit from a praxeological view • A deep dive into how human action, uncertainty, and time shape decision-making • A fresh perspective on egoism vs. altruism – and how all choices stem from personal preference • Practical insights to understand real-world economics and your own decisions better Whether you’re an economist, entrepreneur, or lifelong learner: this is essential knowledge for anyone seeking clarity in a world of confusion.