Definition

1. Adverb:
   • All other things being equal: A Latin phrase used in economics and other fields to indicate that the analysis or prediction being made assumes that all other relevant factors, conditions, or variables remain constant and unchanged.

Usage

• This term is used to isolate the effect of one specific variable by stating that the conclusion holds true only if no other influencing factors change.
• It is commonly employed in theoretical models, economic laws, and logical arguments to simplify complex real-world situations for the purpose of clear analysis.

Examples

• (This economic principle assumes consumer income, tastes, and prices of other goods do not change.)

Advanced Usage

• Theoretical Frameworks: Used to formulate and test hypotheses by controlling variables in a conceptual model.
  • The ceteris paribus assumption is crucial for building economic theories.
• Legal and Policy Analysis: Employed to discuss the potential isolated effect of a single policy change.
  • Ceteris paribus, the new regulation should improve safety standards.

Variants and Related Words

• "All else equal": A direct English translation and synonym.
• "Holding all else constant": A common paraphrasing in academic writing.
• Mutatis mutandis: A related Latin phrase meaning "the necessary changes having been made," used when comparing similar situations where certain specific differences are acknowledged and adjusted for.

Synonyms

• All other things being equal
• All else being equal
• Other things held constant

Notes on Meaning

• This is a technical term primarily used in academic, scientific, and formal analytical contexts. It is not typically used in everyday conversation.
• It highlights a conditional relationship and acknowledges the complexity of real-world systems where multiple variables interact simultaneously.

Adverb

1. all other things being equal