Praxeology: Who Needs It

Despite her admiration for the economic theories of Ludwig von Mises, Ayn Rand rejects Mises's central concept of "praxeology," the science of human action. Yet the features of Misesian praxeology that Rand finds most objectionable— its aprioristic methodology, its value-subjectivism, and its claims about motivational psychology— can be reinterpreted in ways that make them congenial to Rand's philosophical principles while still preserving the essential points that Mises wishes to make