Editions for The Practical Skeptic: Readings in Sociology: 0073404438 (Paperback published in 2010), 0767420780 (Paperback published in 2001), 0078026881... Editions for The Practical Skeptic: Readings in Sociology: 0073404438 (Paperback published in 2010), 0767420780 (Paperback published in 2001), 0078026881... Home My Books
Ceteris paribus or caeteris paribus is a Latin phrase meaning with other things the same or all or other things being equal or held constant or  all other things being equal  or  all else being equal .
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.esearch conducted according to this three-question test finds that in the 2004 edition of the Journal of Economic Theory, only 12% of the articles satisfy the three requirements.â Ignoring the fact that the ceteris paribus assumption is being made is another big failure often made when a model is applied.