It is my understanding that the greatest contribution made by Ludwig von Mises to economic theory is his formulation of the study of human action, or praxeology, and the subsequent discovery of the action axiom. Paraphrased, the action axiom states that people "purposefully utilize means over a period of time in order to achieved desired ends." Those ends, according to Mises, are always of the nature to remove "felt uneasiness." If we act to remove felt uneasiness, then what does that say about the purpose of life, and the inevitability of learning?Read the rest at EVC.
Monday, January 13, 2014
Posted by Skyler J. Collins