Meaning & use

ceteris paribus

phrase·Advancedformaltechnical

Last updated

UK/ˌketərɪs ˈpærɪbəs/
US/ˌsetərəs ˈpærəbəs/

Meaning

  1. phrasefixed phraseformal

    Used to say that a statement holds true only if all other relevant factors stay unchanged.

    Grammar: Usually placed at the start of a claim: ceteris paribus, higher prices reduce demand.

    Patterns

    • ceteris paribus, something happens

    Ceteris paribus, a rise in interest rates reduces borrowing.

    The model predicts, ceteris paribus, that more study leads to better grades.

    Ceteris paribus, a smaller class size should improve learning.

Common combinations

ceteris paribus assumption
The ceteris paribus assumption simplifies the model by freezing other variables.
ceteris paribus condition
The result only holds under a ceteris paribus condition.
assume ceteris paribus
Economists often assume ceteris paribus when studying prices.
all else being equal
All else being equal, I would choose the cheaper option.

Synonyms and how they differ

all else being equal
This is the plain-English version and is suitable for general readers, while ceteris paribus is more formal and typical of economics.
other things equal
It is a shorter English version with the same meaning but a less academic feel.
in isolation
In isolation means considered by itself, which is close, but ceteris paribus specifically freezes other factors in a comparison.

Word family

ceteris adverb
Latin for the other things, rarely used on its own
et cetera phrase
and the rest, a related Latin phrase
par noun
equal standing, related to the Latin paribus

Commonly confused: ceteris paribus or et cetera?

ceteris paribus vs et cetera

Et cetera means and so on at the end of a list, while ceteris paribus means other things being equal.

Practice

What does ceteris paribus most nearly mean in a sentence about economics?

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