Speakur

Word Pronunciation & Dictionary

goodhart's law

Word Rarity Very rare

Frequency: Zipf frequency 0.00 in modern English

Syllables
good-hart's law
IPA
20
Scrabble Score
12
Letters
2
Syllables
10
Unique Chars

Meaning

name

The idea that, when a measure becomes a target, it ceases to be a good measure; originally, "as soon as the government attempts to regulate any particular set of financial assets, these become unreliable as indicators of economic trends".

Etymology

Named after British economist Charles Goodhart (1936–), who originated it.

Phrases

cobra effect reverse Midas touch

Frequently Paired Words

cobra effect reverse Midas touch

Questions

What does goodhart's law mean?
The idea that, when a measure becomes a target, it ceases to be a good measure; originally, "as soon as the government attempts to regulate any particular set of financial assets, these become unreliable as indicators of economic trends".
Where does goodhart's law come from?
Named after British economist Charles Goodhart (1936–), who originated it.

How to pronounce goodhart's law

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