411 REFERENCE · Wiktionary
Lucas critique
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
Named after American economist Robert Lucas.
Proper noun
1
en economics The argument that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially when it is highly aggregated.
Category:English eponyms