Argumentrix is a wiki of claims and rebuttals
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Please do not discuss your opinions; no one should know what you believe. Adopt the site's tone and style: simple, blunt, precise, direct, plain, to-the-point. Include only the absolutely necessary context, and eliminate jargon. Content that is convincing, rhetorical, persuasive, elegant, evocative or embellished may be removed.
The assumptions used in predictions of the benefits of free markets must be correct for it to be reasonable to accept those predictions as true
From Argumentrix
| The assumptions used in predictions of the benefits of free markets must be correct for it to be reasonable to accept those predictions as true | |
|---|---|
| Subjects | |
| Free markets |
Reason |
| Linking arguments | |
| It is possible for economies to be free of market distortions
| |
Supporting arguments
Opposing arguments
The purpose of a hypothesis (such as a prediction about economic events) is to prove or disprove a conclusion, not one of the assumptions used in formulating the hypothesis. What is important is whether the predictions are true or not. [1]
There are actual economic theories that use provably false assumptions but are still successful at predicting and explaining market events, such as the Capital Asset Pricing Model. This is because the assumptions are minor in effect. [2]
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