See Lucas critique on Wiktionary
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"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."
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"(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."
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Download raw JSONL data for Lucas critique meaning in All languages combined (1.4kB)
This page is a part of the kaikki.org machine-readable All languages combined dictionary. This dictionary is based on structured data extracted on 2026-10-30 from the enwiktionary dump dated 2026-10-01 using wiktextract (19f9a30 and 6f96ddf). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.
If you use this data in academic research, please cite Tatu Ylonen: Wiktextract: Wiktionary as Machine-Readable Structured Data, Proceedings of the 13th Conference on Language Resources and Evaluation (LREC), pp. 1317-1325, Marseille, 20-25 June 2022. Linking to the relevant page(s) under https://kaikki.org would also be greatly appreciated.