IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v17y1997i4p622-629id1187.html
   My bibliography  Save this article

A note on Lucas and the Ricardian Vice

Author

Listed:
  • Gilberto de Assis Libânio

Abstract

Senior indetermination stresses the limitations of “pure” theory to derive normativeconclusions. This paper tries to show that Lucas runs into the so-called Ricardian Vice,when he goes straight from abstract theoretical models to economic policy formulations. Itis argued that such a procedure is related to Lucas methodological positions. That is, the “asif” methodology – inherited from Friedman – would lead to disregard of external elementsin policy prescriptions. JEL Classification: B22; B31.

Suggested Citation

  • Gilberto de Assis Libânio, 1997. "A note on Lucas and the Ricardian Vice," Brazilian Journal of Political Economy, Center of Political Economy, vol. 17(4), pages 622-629.
    • Handle: RePEc:ekm:repojs:v:17:y:1997:i:4:p:622-629:id:1187
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1187/1172
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Ricardian Vice; indetermination of Senior; Lucas; New Classical; history of economic thought;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:17:y:1997:i:4:p:622-629:id:1187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.