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Uma nota sobre licas e o vício ricardiano

By: LIBÂNIO, Gilberto de assis.
Material type: materialTypeLabelArticlePublisher: 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 prescriptions
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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 prescriptions

Revista de Economia Política 1997

v. 17, n. 4(68)

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Escola Nacional de Administração Pública

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