Praxeology is the study of human action and decision-making. It focuses on understanding how individuals make choices based on their preferences and the constraints they face. This field of study is often associated with the work of economist Ludwig von Mises, who emphasized that human behavior is purposeful and can be analyzed systematically. In praxeology, actions are seen as means to achieve specific ends. It relies on deductive reasoning rather than empirical observation, aiming to derive general principles about human behavior. This approach is foundational in the field of Austrian economics, which explores the implications of individual actions on economic systems.