What is practice?

Practiceology, generally speaking, is the study of events conducted by people and, in the economic sense, concerns the approach to the economy strongly dependent on the study of individual events. This view of economics was developed by Ludwig von Mises and the Austrian school. Human societies have been thinking about the role of behavior in people's lives for thousands of years, and a number of Greek philosophers investigating practice and subscribers of the Austrian school claim that the economy can be considered a subgroup of practice. These theorists believe that the economy is deeply influenced by individual human elections. This distinguishes people from other animals and also means that all human activity makes sense and intention. Generally, Mises believed that people took steps with the aim of personal improvement and graphification, even if a somewhat circular approach was required. People involved in investments and other economic activities have personal satisfaction as a goal and are involved in the behavior to promote this goal. Observers trying to study the role of human action, mThe environmental impact around them, which is very difficult to study the economy in controlled conditions, let alone create replicable experiments.

In the logic of the action axiom, one of the grounding points of the practice in economics, all people behave in order to interact with the environment around them and regulate their behavior to meet changing conditions and needs. In economics, this can be clearly considered to be investors shifting investment strategies to take advantage of market changes. This approach to economics is not widely practiced today, although some people still believe in it or integrate aspects into a greater understanding of economics and factors playing a role in economic activities.

Several texts have been published at Austrian school and practice and are available through publishers who are interested in economic studies. Such texts are sometimes researched in classes of philosophy and ekonoMiky to learn more about different theories of human behavior and its influence on the economy. Practiceology is generally studied in humanities students in various areas that are interested in historical theories and their modern applications.