mental-model pathforcematching cause/misfittransform/corruptioncompete cycle generic

Goodhart's Law

mental-model proven

Categories: economics-and-financesystems-thinkingorganizational-behavior

Transfers

“When a measure becomes a target, it ceases to be a good measure.” Charles Goodhart originally stated this as an observation about monetary policy in 1975: any statistical regularity that the Bank of England tried to exploit for policy purposes would collapse once market participants anticipated the policy. Marilyn Strathern generalized it in 1997 to its now-famous form. The law describes a feedback loop in which measurement, incentive, and behavior co-corrupt.

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Origin Story

Charles Goodhart, an advisor to the Bank of England, first articulated the principle in a 1975 paper on monetary policy in the UK. His original formulation was narrowly technical: “Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.” He was describing how the Bank’s attempts to target specific monetary aggregates caused those aggregates to lose their predictive relationship with inflation, because market participants adjusted their behavior in response to the policy.

The law remained obscure outside economics until anthropologist Marilyn Strathern restated it in 1997 in a broader, pithier form: “When a measure becomes a target, it ceases to be a good measure.” This generalization connected Goodhart’s monetary observation to Campbell’s Law (1979), the Lucas critique in macroeconomics (1976), and a growing body of evidence about perverse incentives in education, healthcare, and policing. The concept became a standard reference in behavioral economics, public policy, and technology management.

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Structural Neighbors

Entries from different domains that share structural shape. Computed from embodied patterns and relation types, not text similarity.

Structural Tags

Patterns: pathforcematching

Relations: cause/misfittransform/corruptioncompete

Structure: cycle Level: generic

Contributors: agent:metaphorex-miner