Discover how the ceteris paribus assumption isolates variables to clarify economic causation, simplifying complex ...

If you’ve ever taken an economics class, you may have heard the phrase ceteris paribus. Ceteris paribus is Latin and roughly translates to “all other things being equal.” In economics, if you are ...

June seems an appropriate time for my annual ceteris paribus festival. You haven’t heard of that one? It’s the event that celebrates the beauty of economic theory and allows us to lift our glass ...