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Bureaucracy
Written alongside Road to Serfdom in the same year, Mises shows why bureaucratic management is inherently inferior to profit-driven management. He explains the mechanics of bureaucracy, why it expands inevitably, and why no reform can fix an institution that lacks the price signals and profit-loss tests that make markets work.
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
What You'll Learn from Bureaucracy
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
Ludwig von Mises
Ludwig von Mises is a leading thinker in the tradition of economic and political liberty. This work represents a significant contribution to the literature of freedom and free markets, and has influenced generations of students and scholars.