Praxeology New word for me. Even after googling it and reading still not confident I could use it the right context.
Discussion
You’re in the Bitcoiner with deductive reasoning camp already mate, if you studied praxeology it would quickly click for you.
Consider it the framework for using this type of deductive reasoning to understand economic activity and behaviour - it’s the same for how the “conspiracy theorists” keep predicting the future.
Ludwig von Mises book ‘Human Action’ is the praxeology bible, it’s a bit heavy but for me at least it added order to my mind and made it so much easier to process things but also to challenge my own assumptions.
Yer how I understand it is I am making decions based on facts and logical reasoning as opposed to reflexive. Like selling Bitcoin because Cramer said I should. ???
Yes. You strip back to first principles and go step by step through a scenario from there.
I picked this up in concept from my late uncle. He built his own house, his extension, his Hilux canopy and a few fishing inventions. He’d be quietly doing things then swear a bunch and stop what he’s doing, have a dart and verbally process what he was trying to do out loud and what wasn’t working, then finish his dart and solve the problem.
Praxeology is like the University level of this processing. Kind of like learning chess, you can see a few more moves in to the future but now you can see some of the other plays and what might lead them to develop too.
Sounds like I would have got on well with your uncle.