Bureaucracy contrasts the two forms of economic management--that of a free-market economy and that of a bureaucracy. In the market economy entrepreneurs are driven to serve consumers by their desire to earn profits and to avoid losses. In a bureaucracy, the managers must comply with orders issued by the legislative body under which they operate; they may not spend without authorization, and they may not deviate from the path prescribed by law. Ludwig von Mises here lucidly demonstrates how the efficiencies of private ...
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Bureaucracy contrasts the two forms of economic management--that of a free-market economy and that of a bureaucracy. In the market economy entrepreneurs are driven to serve consumers by their desire to earn profits and to avoid losses. In a bureaucracy, the managers must comply with orders issued by the legislative body under which they operate; they may not spend without authorization, and they may not deviate from the path prescribed by law. Ludwig von Mises here lucidly demonstrates how the efficiencies of private ownership and control of public good production ultimately trump the guesswork of publicly administered "planning" through codes and "officialdom." Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.
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Seller's Description:
New. 0865976635. *** FREE UPGRADE to Courier/Priority Shipping Upon Request *** – – *** IN STOCK AND IMMEDIATELY AVAILABLE FOR SHIPMENT-Flawless copy, brand new, pristine, never opened--Description: "Written long before Public Choice economists began to take up the subject, Mises describes bureaucracies as both self-interested and economically irrational (thereby improving on the modern Public Choice critique). There is no reinventing government: if we are to have government do things for us, bureaucracies, which cannot behave efficiently, will have to do the work. This small book has grown in stature as Western economies have become more and more bureaucratized. "--with a bonus offer--
