Wikipedia defines Ceteris paribus as:
a Latin phrase meaning "with other things the same" or "other things being equal or held constant".
It has always struck me as strange that we (primarily Economists, but it crops up elsewhere too, usually in academia) need a Latin phrase to stand in for the seemingly clear English statements the definition provides. To me, it has always obfuscated more than it clarifies.
I'm curious why this phrase is used, if there is an advantage to using it over one of the equivalent English phrases, and in particular would love to see examples where ceteris paribus conveys the author's intent more clearly than the alternatives might.
I suppose I should clarify; there are certainly many usages of Latin throughout modern English, however generally speaking these usages are more concise, or describe a concept that doesn't directly map to English. Perhaps it is simply my perception, but ceteris paribus has always struck me as more confusing than the equivalent English.
For example, there's not (much of) a difference between etc. and and so on, but the former is both more concise and in common usage.
I'm asking if there's a clear distinction or reason for using ceteris paribus, if the answer is "Nope, it's just so you can sound smarter / demonstrate you're in the I-know-what-this-means club" that's fine by me, I just didn't want to assume that.