Is Praxeology synonymous to Methodological Individualism? Praxeology is the science of human action. Methodological Individualism is a philosophical method aimed at explaining and understanding broad society-wide developments as the aggregation of decisions by individuals. They both have to do with understanding the world via actions/decisions of individuals. Do the nuances differ of each methodology differ? Or are they one and the same?
MI is the methodology of praxeology.
-Jon
Freedom of markets is positively correlated with the degree of evolution in any society...