Market Theory


Market Theory consists of sound reasoning applied to economics and free markets.

"How did you come to that conclusion?"

People don't often ask that question about the assertions made by economic pundits—economists and media commentators.

When people draw conclusions regarding economic issues, they should be able to explain why they reach those conclusions. If they don't explain, you should call those conclusions into question. But, you need the thinking tools required to help you formulate those questions.

In this section we will discuss the reasoning processes required to come to valid conclusions about economic activity.

Economic Principles

Principles consist of assumptions that provide the basis for sound Market Theory. In terms of logic they amount to truths. Starting with these principles and using valid arguments we can arrive at only sound propositions.

Value Theory

Because of the fundamental nature of value theory I will return to the subject frequently. I will add to this discussion as time goes on.