ABSTRACTION, IDEALIZATION AND CETERIS PARIBUS CLAUSES IN ECONOMICS
Economics raises questions concerning the legitimacy of cevere abstraction and idealization. For example, mainstream economic models often stipulate that everyone is perfectly rational and has perfect information or that commodities are infinitely divisible. Such claims are exaggerations, and they are clearly false. Other schools of economic may not employ idealization are that this extreme, but there is no way to do economics if one is not willing to simplify drastically and abstract from many complications. How much simplification, idealization, abstraction or "isolation" is legitimate?
In addition, because economicsts attempt to stufy economic phenomena as constituting a separate domain, influenced only by a small number of causal factors, the claims of economics are true only ceteris paribus - that is, they are true only if there are no interfereces or disturbing causes. What are ceteris paribus clauses, and when if ever are they legitimate in science? Questions cocerning ceteris paribus clauses are closely related to questions concerning simplifications and idealizations, since one way to simplyfy is to suppose that the various disturbing causes or interferences are inctive and to explore the consequences of some small number of causal factors. These issues and the related question of how well supported economics is by the evidence have been the central questions in economic methodology.
PUBLIC OPINION:
As mentioned in paragraph economic models make statements which may be taken as false, because we are not aware of all the goods are infinitely divisible, there are more people who have no knowledge of how these goods, much less the finctioning of the economy, which is why many schools of economics say economy can not do if you are not willing to simplify many complications.
We know that economists study economic phenomena, trying to find answers to these phenomena. One mechanism to seek solutions to these phenomena is the ceteris paribus.
In the ceteris paribus claims are true only if there are no interruptions or causes turbulent, it is also important to know when it is legitimate cateris paribus, a way to simplify it is assuming various disturbing causes which are inactive and have a clear understanding of it's causes.
PUBLIC OPINION:
As mentioned in paragraph economic models make statements which may be taken as false, because we are not aware of all the goods are infinitely divisible, there are more people who have no knowledge of how these goods, much less the finctioning of the economy, which is why many schools of economics say economy can not do if you are not willing to simplify many complications.
We know that economists study economic phenomena, trying to find answers to these phenomena. One mechanism to seek solutions to these phenomena is the ceteris paribus.
In the ceteris paribus claims are true only if there are no interruptions or causes turbulent, it is also important to know when it is legitimate cateris paribus, a way to simplify it is assuming various disturbing causes which are inactive and have a clear understanding of it's causes.
