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Economics And Impact Assessment: Ceteris Paribus Or Mutatis Mutandis

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  • Thomas W. Mason

Abstract

Economic theory frequently uses ceteris paribus assumptions to hold complicating variables constant to analyze the effect of one variable on another. Policy‐makers must consider effects of policies with other things changing as they will (i.e., mutatis mutandis). Impact assessment can recon‐ cile the often narrow approach of economic analysis and the need for broad consideration of implications. The methods of impact assessment can pro‐ vide a proper place for economic analysis in policy assessment and help to assure that a broad range of impacts are included to determine the economic effects of events and decisions.

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  • Thomas W. Mason, 1988. "Economics And Impact Assessment: Ceteris Paribus Or Mutatis Mutandis," Review of Policy Research, Policy Studies Organization, vol. 8(1), pages 165-171, September.
    • Handle: RePEc:bla:revpol:v:8:y:1988:i:1:p:165-171
    DOI: 10.1111/j.1541-1338.1988.tb00926.x
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