The distinction between praxeology and psychology is often misunderstood. While both disciplines are concerned with the study of human behavior, they approach the subject from different angles. Praxeology is the study of human action, focusing on the logical implications of individual choices and decisions. It is based on the assumption that humans are rational actors who make decisions based on their own self-interest. Psychology, on the other hand, is the study of the mind and behavior, looking at the underlying motivations and emotions that drive our decisions. While praxeology is concerned with the logical implications of our choices, psychology is concerned with the psychological factors that influence our behavior.
The distinction between praxeology and psychology is important to understand when studying human behavior. While both disciplines are essential to understanding the complexities of human behavior, they approach the subject from different angles. By understanding the differences between the two, we can gain a better understanding of how our decisions are shaped by both our rational and emotional sides.