Aurelien Goutsmedt
An agenda without a plan: Robert E Lucas’s trajectory through the public debate
Goutsmedt, Aurelien; Guizzo, Danielle; Sergi, Francesco
Authors
Danielle Guizzo Archela Danielle.Guizzo@uwe.ac.uk
Senior Lecturer in Economics
Francesco Sergi Francesco.Sergi@uwe.ac.uk
Lecturer in Economics
Abstract
This article explores Robert E. Lucas’s policy agenda and his engagement with the public debate between the late 1960s and late 1980s. It investigates how he interacted with the public debate by envisioning key principles of his macroeconomic theory and methodology, and how he promoted his policy agenda. An exploration of Lucas’s personal and professional archives sheds light on his participation in policy debates after the publication of his works, illustrating how Lucas built a discreet and cautious way of engaging with the public. Lucas did not propose a detailed program to implement his policy agenda, nor was he actively promoting his policy agenda. The article suggests that Lucas’s originality compared to his contemporaries was his belief on the ability of macroeconomics to scientifically devise binding policy rules that could be integrated in an economic constitution.
Citation
Goutsmedt, A., Guizzo, D., & Sergi, F. (2019). An agenda without a plan: Robert E Lucas’s trajectory through the public debate
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 8, 2019 |
Publication Date | 2019-06 |
Deposit Date | Mar 21, 2019 |
Publicly Available Date | Apr 4, 2019 |
Journal | Œconomia – History / Methodology / Philosophy |
Print ISSN | 2269-8450 |
Peer Reviewed | Peer Reviewed |
Volume | 9 |
Issue | 2 |
Pages | 289-314 |
Keywords | Robert E. Lucas, Lucas critique, monetary policy, Fiscal policy, tax policy, policy rules |
Public URL | https://uwe-repository.worktribe.com/output/850812 |
Publisher URL | https://journals.openedition.org/oeconomia/5605 |
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Licence
http://creativecommons.org/licenses/by-nc-nd/4.0/
Publisher Licence URL
http://creativecommons.org/licenses/by-nc-nd/4.0/
Copyright Statement
This is the accepted manuscript of an article that has been published in Œconomia, https://journals.openedition.org/oeconomia/5605
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