Charles E. Goodhart

Charles E. Goodhart is a renowned British economist, best known for his work on monetary policy and financial markets. He formulated "Goodhart’s Law," which states that when a measure becomes a target for policy, it ceases to be a good measure. This highlights the challenges in using specific indicators to gauge economic health, as people may change their behavior based on those targets. Goodhart has significantly influenced central banking and the understanding of economic indicators, emphasizing the complexity of economic systems and the importance of nuanced policymaking.