ABSTRACT
There exists a general idea as to what phenomena are the proper object of economic science. Many people agree that the aim of this branch of knowledge is to investigate market phenomena, that is, to enquire into the nature of the types of exchange that exist between the various goods and services. This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book demonstrates the theoretical structure of Misian praxeology. It explains the necessity of basing economics on human action. The book analyses the discovery of means and the creation of possibilities. The book examines the system for evaluating ends and means. It focuses on causality as a praxeological category. The book recapitulates the fundamental differences between the two conceptions of human behaviour. The main difference between the two approaches is that praxeological-based economics is converted into a theory of action which can be used to explain any human phenomenon.
