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On Praxeology

September 11, 2010

“Praxeology is indifferent to the ultimate goals of action. Its findings are valid for all kinds of action irrespective of the ends aimed at. It is a science of means, not of ends. It applies the term happiness in a purely formal sense.”

— Ludwig von Mises, Human Action, Chapter I, 2. The Prerequisites of Human Action, p. 15

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