Principles of Praxeology Part II - What is Praxeology?

Principles of Praxeology — Part II: Foundations of Human Action

Praxeology—derived from praxis (action) and logos (reasoned study)—is the science of purposeful human action. In this second part of the course, you will explore the universal structures that underlie all decision-making, independent of culture, time, or empirical measurement.

This module builds on the foundations of Part I and takes you deeper into the logic that governs human behavior, value, and social cooperation.

You will learn:

• What praxeology studies—and why it does not rely on empirical confirmation

• Why modern ideologies failed as “substitute religions” and why social engineering collapses

• How action is grounded in ends, means, scarcity, choice, and uncertainty

• Why explanation in the human realm is teleological rather than mechanical

• How subjective value, benefit, opportunity cost, and time preference arise from purposeful action

• Why “Man acts” is the most fundamental axiom of the social sciences

• How entrepreneurship, profit, and loss logically emerge from uncertainty and expectation

Part II provides a deeper intellectual structure for understanding economics, decision-making, social order, and the limits of state intervention. If Part I opened the door, Part II enables you to see the architecture of choice and the logic of human behavior in a new light.

Upon completing the course requirements, students may apply to receive an official Certificate of Completion from the International Mises Academy.