Abstract
The Latin phrase ‘ceteris paribus’, which translates as ‘other things the same’, is much invoked by economists. Its popularity stems from its prominent use by Alfred Marshall (1920, pp. xiv–xv, 366–70), who invented the metaphor of ‘the pound called Coeteris Paribus’ – pound being used here in the same sense as in impoundment – in which are imprisoned ‘those disturbing causes, whose wanderings happen to be inconvenient’ (Marshall 1920, p. 366).
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Whitaker, J.K. (2008). Ceteris Paribus. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_346-2
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DOI: https://doi.org/10.1057/978-1-349-95121-5_346-2
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Latest
Ceteris Paribus- Published:
- 16 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_346-2
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Original
Ceteris Paribus- Published:
- 26 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_346-1