Back قانون جودهارت Arabic Llei de Goodhart Catalan Goodhartovo pravidlo Czech Goodharts Gesetz German Ley de Goodhart Spanish قانون گودهارت Persian Goodhartin laki Finnish Loi de Goodhart French חוק גודהארט HE Prawo Goodharta Polish
Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure".[1] It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom:[2]
Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.[3]
It was used to criticize the British Thatcher government for trying to conduct monetary policy on the basis of targets for broad and narrow money,[4] but the law reflects a much more general phenomenon.[5]
- ^ Cite error: The named reference
Strathern1997was invoked but never defined (see the help page). - ^ Goodhart, Charles (1975). "Problems of Monetary Management: The U.K. Experience". Papers in Monetary Economics. Papers in monetary economics 1975; 1; 1. - [Sydney]. - 1975, p. 1-20. Vol. 1. Sydney: Reserve Bank of Australia.
- ^ Goodhart, Charles (1975). "Problems of Monetary Management: The U.K. Experience". In Courakis, Anthony S. (ed.). Inflation, Depression, and Economic Policy in the West. Totowa, New Jersey: Barnes and Noble Books (published 1981). p. 116. ISBN 0-389-20144-8.
- ^ Smith, David (1987). The Rise And Fall of Monetarism. London: Penguin Books. ISBN 9780140227543.
- ^ Manheim, David; Garrabrant, Scott (2018). "Categorizing Variants of Goodhart's Law". arXiv:1803.04585 [cs.AI].