31 episodes
Bureaucracy Ludwig von Mises
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Mises explains that the core choice we face is between rational economic organization by market prices and the arbitrary dictates of government bureaucrats. There is no third way.
This audio book is made available through the generosity of Mr. Tyler Folger. Narrated by Millian Quinteros.
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Introduction to Bureaucracy
The introduction to Mises's 1944 Bureaucracy. Nobody doubts that bureaucracy is thoroughly bad and that it should not exist in a perfect world.
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1.1. The Operation of the Market Mechanism
The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs, but the captain is the consumer.
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1.2. Economic Calculation
The impracticability of all schemes of socialism and central planning is to be seen in the impossibility of any kind of economic calculation under these conditions.
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1.3. Management Under the Profit System
The profit motive drives entrepreneurs to serve the consumers.
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1.4. Personnel Management Under an Unhampered Labor Market
The price of labor is a market phenomenon determined by the consumers' demands for goods and services.