>>72843
>And how do you deduce your methodology out of that?
Strictly speaking, the methodology is not deduced from the action axiom; the methodology is to utilize deductive logic, applied to the action axiom.
Below is the beginning of my attempt at a sort of condensed bullet list of the Austrian Economic conceptual framework. I didn't get very far, but I'd like to think I got a decent start. I hammered this out a few years ago and haven't really revisited it since. It may need some polishing, but it was more or less my personal attempt at a brief and direct answer to your question. I hope it will be of interest to you.
Note that it isn't exactly cleaned up for presentation to others, so my use of terminology may be tailored to an Austrian context. I also do not consider myself to be sufficiently educated in the Austrian method to be an authoritative representation of the school. Please keep that in mind while examining the following:
Man acts (action being defined as deliberate behavior). (self-attesting)
>Action is purposeful.
>>Purpose is the actor's intent or interest.
>>>Action is self-interested.
>>>>Man is self-interested.
>>>Profit is a gain or benefit.
>>>>Man acts to profit.
>>>>>Man agrees to exchange for what he values more.
>>>>>>What one agrees to receive in exchange, one values more than what is given.
>>>>>>>Voluntary exchange is mutually beneficial.
>That man acts implies that he has preferences and beliefs.
>>Preferences are normative claims.
>>>An action implies the normative claim that the action ought to be performed.
>>>Acting to prevent an event implies that the event ought to not occur.
An incentive is defined as that which motivates an actor to an action.
>The greater the incentive for an action, the more the action tends to be incited.
>>The greater the incentive for an action, the more the action will tend to occur.
A disincentive is defined as that which tends to deter an action.
>The greater the disincentive for an action, the more the action is deterred.
>>The greater the disincentive for an action, the less the action will occur.
Price is what the producer gains in exchange for a given good.
>Price is the incentive to produce a given good.
>>Greater prices are a greater incentive.
>>>The higher the price of a good, the more incentive there is to provide it.
>>>>The higher the price for a good, the more it will be produced.
Price is what the consumer loses in an exchange for a given good.
>Price is the disincentive to consume a given good.
>>Greater prices are a greater disincentive.
>>>The higher the price of a good, the more disincentive there is to consume it.
>>>>The higher the price for a good, the less it will be consumed.
Exchange occurs when producers and consumers agree upon prices.