Goodhart's law

Summary

  • Goodhart's law is the equivalent in the social sciences of the uncertainty principle in physics. Though it has been expressed in a variety of formulations, the essence of the law is that once a social or economic indicator is made a target for the purpose of conducting social or economic policy, then it will lose the information content that would qualify it to play such a role.

Soundex: G363 ( G363 L )

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