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Ex Ante and Ex Post: What does Rod Stewart Really Know Now?

14 Pages Posted: 8 Nov 2006  

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Art Carden

Brock School of Business, Samford University; Independent Institute

Stephen W. Carson

Ludwig von Mises Institute - Economics

Abstract

Do we really know whether or not we have "maximized" utility, or do we just know that we are "happy" or "sad"? We argue that we can never know objectively whether or not utility has been maximized; however, people acting on a free market are sufficiently close to the decision as to be able to hazard a better guess about their opportunity costs than policy makers.

Suggested Citation

Block, Walter E. and Carden, Art and Carson, Stephen W., Ex Ante and Ex Post: What does Rod Stewart Really Know Now?. Business and Society Review, Vol. 111, No. 4, pp. 427-440, December 2006. Available at SSRN: https://ssrn.com/abstract=943532 or http://dx.doi.org/10.1111/j.1467-8594.2006.00280.x

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Art Carden

Brock School of Business, Samford University ( email )

800 Lakeshore Drive
Birmingham, AL 35229
United States

HOME PAGE: http://www.artcarden.com

Independent Institute ( email )

100 Swan Way
Oakland, CA 94621-1428
United States

Stephen W. Carson

Ludwig von Mises Institute - Economics ( email )

518 West Magnolia Avenue
Auburn, AL 36832-4528
United States

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