Axiology
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Based on some research I have come across on Axiology or the use of, dates back as early as 1902 by Paul Lapie and E. Von Harmann 1908
http://www.jstor.org/pss/2105883
So therefore I find this article on Axiology inconclusive.
Thank you for your valid comment. A section on the Etymology and Usage of the term has been added to the article.