An axiomatic theory of classical nondissipative waves is proposed that is constructed based on the definition of a wave as a multidimensional oscillator. Waves are represented as abstract vectors |ψ in the appropriately defined space Ψ with a Hermitian metric. The metric is usually positive-definite but can be more general in the presence of negative-energy waves (which are typically unstable and must not be confused with negative-frequency waves). The very form of wave equations is derived from properties of Ψ . The generic wave equation is shown to be a quantumlike Schrödinger equation; hence one-to-one correspondence with the mathematical framework of quantum mechanics is established, and the quantummechanical machinery becomes applicable to classical waves "as is". The classical wave action is defined as the density operator, |ψ ψ|. The coordinate and momentum spaces, not necessarily Euclidean, need not be postulated but rather emerge when applicable. Various kinetic equations flow as projections of the von Neumann equation for |ψ ψ|. The previously known action conservation theorems for noneikonal waves and the conventional Wigner-Weyl-Moyal formalism are generalized and subsumed under a unifying invariant theory. Whitham's equations are recovered as the corresponding fluid limit in the geometricaloptics approximation. The Liouville equation is also yielded as a special case, yet in a somewhat different limit; thus ray tracing, and especially nonlinear ray tracing, is found to be more subtle than commonly assumed. Applications of this axiomatization are also discussed, briefly, for some characteristic equations. PACS. 52.35.-g Waves, oscillations, and instabilities in plasmas and intense beams -03.50.Kk Other special classical field theories -45.20.Jj Lagrangian and Hamiltonian mechanics -02.40.Yy Geometric mechanics