Campbell’s Law for another formulation. Interesting that Lucas, Campbell, and Goodhart all published essentially the same idea within a year.
I didn’t recognize the Lucas you mention, but for those who were also wondering, a search found this Robert Lucas and the Lucas critique which apparently was in this 1976 article: “Econometric Policy Evaluation: A Critique”.
Campbell’s Law for another formulation. Interesting that Lucas, Campbell, and Goodhart all published essentially the same idea within a year.
I didn’t recognize the Lucas you mention, but for those who were also wondering, a search found this Robert Lucas and the Lucas critique which apparently was in this 1976 article: “Econometric Policy Evaluation: A Critique”.