What’s the Point of Ceteris Paribus? or, How to Understand Supply and Demand Curves

Philosophy of Science 85 (2):271-292 (2018)
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Abstract

Philosophers sometimes claim that economics, and the idealizing strategies it employs, is ultimately unable to provide genuine laws of nature. Therefore, unlike physics, it does not qualify as an actual science. Careful consideration of thermodynamics, a well-developed physical theory, reveals substantial parallels with economic methodology. The corrective account of scientific understanding I offer appreciates these parallels: understanding in terms of efficient performance.

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Jennifer Jhun
Duke University

References found in this work

Causality: Models, Reasoning and Inference.Judea Pearl - 2000 - Tijdschrift Voor Filosofie 64 (1):201-202.
Explanation and invariance in the special sciences.James Woodward - 2000 - British Journal for the Philosophy of Science 51 (2):197-254.
When Other Things Aren’t Equal: Saving Ceteris Paribus Laws from Vacuity.Paul Pietroski & Georges Rey - 1995 - British Journal for the Philosophy of Science 46 (1):81-110.
Ceteris Paribus Lost.John Earman, John T. Roberts & Sheldon Smith - 2002 - Erkenntnis 57 (3):281-301.

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