Ceteris paribus is a latin phrase meaning all other things remaining equal. Information and translations of ceteris paribus in the most comprehensive dictionary definitions resource on the web. How political speech cribs from latin why use english when theres a perfectly good latin phrase at hand to add a touch of gravitas. This concept is used to justify creating economic equations despite the huge amount of variables in economic reality. Ceteris paribus definition what is meant by the term ceteris paribus. Okay then, where are the other guidelines and the rules. Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Or, in vines v general outdoor adventures, this remark by justice land of the united states court of. It is particularly crucial in the study of cause and effect relationship between two specific variables such that other relevant factors influencing these are assumed to be constant by the assumption of ceteris paribus. Ceteris paribus definition and meaning collins english dictionary.
Experts use it to explain the theory behind laws of economics and nature. As sven williams correctly pointed out 1, you could go totally latin and pronounce it kaytehrees pahreeboos. This article is within the scope of wikiproject philosophy, a collaborative effort to improve the coverage of content related to philosophy on wikipedia. It is useful to economist because it allows them to extrapolate rules to help predict or explain economic trends. What are some examples of ceteris paribus in economics. This means that, ceteris paribus, regarding glaciers we stand to possibly lose 0. Ceteris paribus is a latin term literally translated as with other things the same. Alternative spelling of ceteris paribus 1601, thomas wright, the passions of the minde, page preface a 4 b.
The opposite for this is the phrase mutatis mutandis, which states changing some factors that need to be changed. Ceteris paribus or caeteris paribus is a latin phrase meaning with other things the same or all or other things being equal or held constant or all other things being equal or all else being equal with english translations of the phrase enjoying wide use equaling or exceeding its italicized latin equivalent. The latin phrase ceteris paribus literally, holding other things constant is commonly translated as all else being equal. A prediction or a statement about a causal, empirical, or logical relation between two states of affairs is ceteris paribus if it is acknowledged that the prediction. Ceteris parabis synonyms, ceteris parabis pronunciation, ceteris parabis translation, english dictionary definition of ceteris parabis. Such an all else being equal analysis is important because it allows economists to tease out specific cause and effect in the form of comparative.
It means that most of the time, something will occur as a result of something else. Search ceteris paribus and thousands of other words in english definition and synonym dictionary from reverso. One example of ceteris paribus in economics is when prices go up as demand exceeds supply, when all other factors are disqualified from the analysis, according to investopedia. A prediction or a statement about a causal, empirical, or logical relation. Ceteris paribus definition, other things being equal. Ceteris paribus or caeteris paribus is a latin phrase, literally translated as with other things the same, or all other things being equal or held constant. English translations of the phrase include all other things being equal or other things held constant or. With all other factors or things remaining the same. Philosophers have attempted to explicate the meaning of ceteris paribus clauses in different ways. Ceteris paribus is a latin phrase that means all other things being equal. I was trying to figure out the translation myself, and i knew that ceteris means remaining, and that paribus must be something in the dative, but i couldnt figure out the whole sentence.
What are the different ways to pronounce ceteris paribus. On closer inspection it appeared that steel annealed at 100 is, c. P1 if it is possible for the product of a worldactualizing action performed by some being to have been better, then, ceteris paribus, it is possible for that action to have been better. The term ceteris paribus is often used in economics to describe a situation where one determinant of supply or demand changes while all other factors affecting supply and demand remain unchanged. Ceteris paribus literally, a latin phrase meaning with other things the same. Such conditions include the number of consumers in the market, consumer tastes or preferences, prices of substitute goods, consumer price expectations, and personal income. Coeteris paribus definition is variant spelling of ceteris paribus. If an offender has committed a severe enough offence to warrant a life sentence, the offender will, ceteris paribus, represent a greater threat to society than an offender who received a nonlife sentence. Ceteris paribus or caeteris paribus is a latin phrase meaning other things equal. One often finds ceteris paribus in simple models and in simplifications of complex models. Ceteris paribus financial definition of ceteris paribus. Learn more about the word ceteris paribus, its origin, alternative forms, and usage from wiktionary. Ceteris paribus definition is if all other relevant things, factors, or elements remain unaltered. Ceteris paribus means everything else being equal in latin, or controlling for other factors.
Im studying economics, and the words ceteris paribus are often used. Ceteris paribus is the commonly used latin phrase meaning all other things remaining constant. A prediction or a statement about a causal, empirical, or logical relation between two states of affairs is ceteris paribus if it is acknowledged that the prediction, although. The term is most widely used is used in economic analysis when the analyst assumes that all other variables except those under immediate consideration are held constant.
Learn vocabulary, terms, and more with flashcards, games, and other study tools. If you would like to support the project, please visit the project page, where you can get more details on how you can help, and where you can join the general discussion about philosophy content on wikipedia. English translations of the phrase include all other things being equal or other things held constant or all else unchanged. Ceteris parabis definition of ceteris parabis by the. In economic and financial models, ceteris paribus is a shorthand indicating that the model holds true if other market forces do not intervene. Ceteris paribus ceteris paribus or caeteris paribus is a latin phrase meaning other things equal. It is an example of an ablative absolute and is commonly rendered in english as all other things being equal.
Ceteris paribus ceteris paribus ceteris paribus or. Ceteris paribus definition of ceteris paribus by merriam. The concept of ceteris paribus is important in economics because in the real world it is usually hard to isolate all the different variables assuming ceteris paribus allows us to simplify economics we can understand how something like higher price will affect demand. When using ceteris paribus in economics, it is often safe to.
Coeteris paribus definition of coeteris paribus by. Heres a list of opposite words from our thesaurus that you can use instead. Pronunciation of ceteris paribus with 1 audio pronunciation, 1 meaning, 3 translations and more for ceteris paribus. Download our english dictionary apps available for both ios and android. Ceteris paribus definition and meaning collins english. More than 250,000 words that arent in our free dictionary. Ceteris paribus law and legal definition uslegal, inc. A prediction, or a statement about causal or logical connections between two states of affairs, is qualified by ceteris. Ceteris paribus definition of ceteris paribus by the. I know it means that one thing changes, but that the other factors stay the same. You must there are over 200,000 words in our free online dictionary, but you are looking for one thats only in the merriamwebster unabridged dictionary start your free trial today and get unlimited access to americas largest dictionary, with. You can complete the definition of ceteris paribus given by the english definition dictionary with other english dictionaries.
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