Quotes & Sayings About Ceteris Paribus

It is natural that the appearance of pollution should have taken by surprise an economic science which has delighted in playing around with all kinds of mechanistic models. Curiously, even after the event economics gives no signs of acknowledging the role of natural resources in the economic process. Economists still do not seem to realize that, since the product of the economic process is waste, waste is an inevitable result of that process and ceteris paribus increases in greater proportion than the intensity of economic activity. — Nicholas Georgescu-Roegen

We have already examined one of the objections that have been brought against the Quantity Theory; the objection that it only holds good ceteris paribus. No more tenable as an objection against the determinateness of our conclusions is reference to the possibility that an additional quantity of money may be hoarded. This argument has played a prominent role in the history of monetary theory; it was one of the sharpest weapons in the armoury of the opponents of the Quantity Theory. Among the arguments of the opponents of the Currency Theory it immediately follows the proposition relating to the elasticity of cash-economizing methods of payment, to which it also bears a close relation as far as its content is concerned. — Ludwig Von Mises

Let us merely discuss the question, what consequences would necessarily follow if, ceteris paribus, with an increasing quantity of money, prices were restricted to the old level by official compulsion? An increase in the quantity of money leads to the appearance in the market of new desire to purchase, which had previously not existed; 'new purchasing power', it is usual to say, has been created. If the new would-be purchasers compete with those that are already in the market, then, so long as it is not permissible to raise prices, only part of the total purchasing power can be exercised. — Ludwig Von Mises

But that is a method for cowards; the brave man goes out into the hall, comes back with a stick, and says firmly, "You have just deliberately and cruelly exposed my ignorance before this company; I shall, therefore, beat you soundly with this stick in the presence of them all."
This you then do to him or he to you, mutatis mutandis, ceteris paribus; and that is all I have to say on Ignorance. — Hilaire Belloc

We may assume the superiority ceteris paribus of the demonstration which derives from fewer postulates or hypotheses - in short, from fewer premises. — Aristotle.