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An Agenda without a Plan: Robert E. Lucas's Trajectory throught the Public Debate

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  • Goutsmedt, Aurélien

    (Duke University)

  • Sergi, Francesco
  • Guizzo, Danielle

Abstract

This article explores Robert E. Lucas’s policy agenda and his engagement with the public debate between 1968 and 1987. 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 envision an action plan, nor proposed a detailed program to implement 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.

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  • Goutsmedt, Aurélien & Sergi, Francesco & Guizzo, Danielle, 2019. "An Agenda without a Plan: Robert E. Lucas's Trajectory throught the Public Debate," OSF Preprints 7jpa9, Center for Open Science.
  • Handle: RePEc:osf:osfxxx:7jpa9
    DOI: 10.31219/osf.io/7jpa9
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    Cited by:

    1. Matthieu Renault, 2021. "Macroeconomics under Pressure: The Feedback Effects of Economic Expertise," GREDEG Working Papers 2021-02, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Aurélien Goutsmedt & Erich Pinzón-Fuchs & Matthieu Renault & Francesco Sergi, 2019. "Reacting to the Lucas Critique: The Keynesians' Replies," Post-Print hal-03878386, HAL.
    3. Aurélien Goutsmedt & Cléo Chassonnery-Zaïgouche, 2023. "Modeling intervention: The Political element in Barbara Bergmann's micro-to-macro simulation projects," Working Papers hal-04208686, HAL.
    4. Goutsmedt, Aurélien, 2019. "Macroeconomics at the Crossroads: Stagflation and the Struggle between "Keynesian" and New Classical Macroeconometric Programs," OSF Preprints y364t, Center for Open Science.

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