Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity.

Original Article: "Understanding the Difference between Praxeology and Psychology"
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It has been proposed that praxeology has potential not only as the foundation for growing the Austrian school of economics but other sciences as well. The utility of Austrian economics is immense, and similar achievements in other domains would be welcome.
However, it seems like a difficult task, as demonstrated by a recent effort to expand praxeology to psychology. The present article discusses the scope and power of praxeology and the conditions of psychological science.
In his book Human Action, Ludwig von Mises describes praxeology as the general theory of human action. At the most fundamental level, he distinguishes praxeology theory from history. History, in his account, is rather the collection and interpretation of data. Another way to make the distinction is to separate claims as