Jennifer Jhun

Affiliation: 

University of Pittsburgh

A Lesson from Economic History: Idealization and Ceteris Paribus Clauses

This paper investigates the historical background of ceteris paribus usage in economics. I argue that the explicit invocation of idealization via ceteris paribus, or the ``all-other-things-equal” clause, that is used in order to construct economic models differs from the notion often debated in standard ``completer”-accounts in the contemporary literature.