Definition of praxeology in US English:

praxeology

(also praxiology, praxology)

noun

  • The branch of knowledge that deals with the nature of human action, especially in later use as understood in economic theory by the Austrian economist Ludwig von Mises (1881-1973) and his followers.

Origin

Late 19th century; earliest use found in Presbyterian Review. From ancient Greek πρᾶξις + -ology, partly after French praxéologie.

Pronunciation

praxeology

/ˌpraksɪˈɒlədʒi/