Ceteris paribus laws and socio-economic machines

The Monist 78 (3):276-294 (1995)
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Abstract

Economics differs from physics, we are told, in that the laws economics studies hold only ceteris paribus whereas those of physics are supposed to obtain universally and without condition. Does this point to a metaphysical difference between the laws the two disciplines study or does it reflect merely a deficiency in the level of accomplishment of economics as compared to physics?

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reprint Cartwright, Nancy (2001) "14 Ceteris paribus laws and socio-economic machines". In Mäki, Uskali, The Economic World View: Studies in the Ontology of Economics, pp. 275: Cambridge University Press (2001)

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Nancy Cartwright
London School of Economics

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