Goodhart’s Law

In 1975, the economist Charles Goodhart wrote an article on monetary management in the United Kingdom. In it he observed: “Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.”

The idea became known as Goodhart’s law. A common wording of it appears in a 1997 paper by Marilyn Strathern on audit in British universities: “When a measure becomes a target, it ceases to be a good measure.”

understand-culture
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.