Uma nota sobre licas e o vício ricardiano
By: LIBÂNIO, Gilberto de assis.
Material type: ArticlePublisher: São Paulo : Editora 34, out./dez. 1997Revista de Economia Política = Brazilian Journal of Political Economy 17, 4, p. 140-146Abstract: Senior Indetermination stresses the limitations of pure theory to derive normative conclusions. 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 for-mulations. It is argued that such a procedure is related to Lucas methodological posi-tions. That is, the as if methodology inherited from Friedman would lead to disregard of external elements in policy prescriptionsSenior Indetermination stresses the limitations of pure theory to derive normative conclusions. 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 for-mulations. It is argued that such a procedure is related to Lucas methodological posi-tions. That is, the as if methodology inherited from Friedman would lead to disregard of external elements in policy prescriptions
Revista de Economia Política 1997
v. 17, n. 4(68)
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