Abstract
The isolating approach, or ceteris paribus analysis, is as old as economics. Alfred Marshall, who has developed it most succinctly, characterises it as follows.
The object of our analysis is, not to provide a machine, or method of blind manipulation, which will furnish an infallible answer, but to provide ourselves with an organised and orderly method of thinking out particular problems …
John Maynard Keynes
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© 1985 Springer-Verlag Berlin, Heidelberg
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Schlicht, E. (1985). On Isolation. In: Isolation and Aggregation in Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-70298-3_2
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DOI: https://doi.org/10.1007/978-3-642-70298-3_2
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