What is "praxeology"

n. The study of human action or conduct.

Praxeology ( Gr. πρᾶξις (praxis) "action", λόγος (logos) ″talk, speech″) is the deductive study of human action, based on the notion that humans engage in purposeful behavior, as opposed to reflexive behavior like sneezing and inanimate behavior. According to its theorists, with the action axiom as the starting point, it is possible to draw conclusions about human behavior that are both objective and universal. For example, the notion that humans engage in acts of choice implies that they have preferences, and this must be true for anyone who exhibits intentional behavior.

The most common use of the term is in connection with the Austrian School of Economics, as established by economist Ludwig von Mises.