Skip to main content

December 1984

An Appeal for Rationality in the Policy Activism Debate

by John B. Taylor

Rather than provide a detailed review of an old debate, the author presents a case and outlines a framework for a new debate about policy. He argues that a good framework for debate is the rational expectations approach to policy evaluation that emerged from the policy ineffectiveness debate of the 1970s, but which has been used far too rarely to study other activist policy issues. The article includes an outline of the essential aspects of a rational expectations approach to the policy activism question.