Measuring Ex Post Welfare

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Physiocrat
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Measuring Ex Post Welfare

Post by Physiocrat » Tue Oct 09, 2018 9:26 pm

Rothbard uses demonstrated preference as the foundation for a purely economic welfare theory. This is good as far as it goes but ideally we'd want an ex post welfare theory since people do make mistakes as to how to achieve their goals. The problem with this is that only the individual in question could identify this with reference to their previous decisions and no third party could really ascertain this. Further, even if they did make the correct decisions it could be correct decision making under Stalinist Communism, better than bad decisions but clearly not optimal. Does anyone have any links to articles which attempt to analyse this from a purely value free approach which just uses the individual actors value scales? I suspect this really isn't possible and that you would really need to bring in ethics to assess at least the background conditions in which choice are made and probably ultimately, whether the goals pursued by individual actors are ultimately in their interest - obvious example the heroin abuser and habitual drunkard.
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Re: Measuring Ex Post Welfare

Post by Physiocrat » Thu Oct 11, 2018 4:32 pm

No takers?
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Re: Measuring Ex Post Welfare

Post by Gurimbom » Sun Oct 14, 2018 11:29 am

I tend to agree that producing measurements of ex-post welfare would be an impossible and essentially value-laden practice. Block, Carden & Carson analyze this subject in-depth in this paper.

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Re: Measuring Ex Post Welfare

Post by Gurimbom » Sun Oct 14, 2018 11:29 am

I tend to agree that producing measurements of ex-post welfare would be an impossible and essentially value-laden practice. Block, Carden & Carson analyze this subject in-depth in this paper.

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Re: Measuring Ex Post Welfare

Post by Physiocrat » Sun Oct 14, 2018 2:21 pm

Gurimbom wrote:
Sun Oct 14, 2018 11:29 am
I tend to agree that producing measurements of ex-post welfare would be an impossible and essentially value-laden practice. Block, Carden & Carson analyze this subject in-depth in this paper.

Thanks for the link. I didn't know Block had written on this.
The atoms tell the atoms so, for I never was or will but atoms forevermore be.

Yours sincerely,

Physiocrat

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