View source for Assuming Theory Applies To A Real World Example

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[[Category:Common Fallacies Of Economics]]
[[Category:Refutation of Dogmas by Empirical Economics]]
{{DES | des = Without knowing the specifics of the relevant [[institutions]], you cannot assume a particular economic model will make valid predictions.  The commonest example of this fallacy is assuming a [[Free Market|free market]] model. | show=}}
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