31 episodes

Writing in 1944, 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. He also explains how it is that bureaucracies can't manage anything well, or with an eye for economics at all. It is a devastating and fundamental criticism—an extension of Mises's critique of socialism.

This audio book is made available through the generosity of Mr. Tyler Folger. Narrated by Millian Quinteros.

Bureaucracy Mises Institute

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Writing in 1944, 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. He also explains how it is that bureaucracies can't manage anything well, or with an eye for economics at all. It is a devastating and fundamental criticism—an extension of Mises's critique of socialism.

This audio book is made available through the generosity of Mr. Tyler Folger. Narrated by Millian Quinteros.

    Preface

    Preface

    The main issue in present-day social and political conflicts is whether or not man should give away freedom, private initiative, and individual responsibility and surrender to the guardianship of a gigantic apparatus of compulsion and coercion, the socialist state. Should authoritarian totalitarianism be substituted for individualism and democracy? Should the citizen be transformed into a subject, a subordinate in an all-embracing army of conscripted labor, bound to obey unconditionally the orders of his superiors? Should he be deprived of his most precious privilege to choose means and ends and to shape his own life?

    Narrated by Millian Quinteros.

    • 4 min
    Introduction

    Introduction

    Nobody doubts that bureaucracy is thoroughly bad and that it should not exist in a perfect world.

    Mises's introduction includes five parts:

    1. The Opprobrious Connotation of the Term Bureaucracy
    2. The American Citizen’s Indictment of Bureaucratism
    3. The "Progressives'" View of Bureaucratism
    4. Bureaucratism and Totalitarianism
    5. The Alternative: Profit Management or Bureaucratic Management

    Narrated by Millian Quinteros.

    • 36 min
    1.1. The Operation of the Market Mechanism

    1.1. The Operation of the Market Mechanism

    The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are not supreme, they are steersmen only, bound to obey unconditionally the captain's orders. The captain is the consumer. From Chapter I: "Profit Management". Narrated by Millian Quinteros.

    • 4 min
    1.2. Economic Calculation

    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 conditions in which there is no private ownership of the means of production and consequently no market prices for these factors. From Chapter I: "Profit Management". Narrated by Millian Quinteros.

    • 19 min
    1.3. Management Under the Profit System

    1.3. Management Under the Profit System

    The sovereignty of the consumers and the democratic operation of the market do not stop at the doors of a big business concern. They permeate all its departments and branches. Responsibility to the consumer is the lifeblood of business and enterprise in an unhampered market society. The profit motive through the instrumentality of which the entrepreneurs are driven to serve the consumers to the best of their ability is at the same time the first principle of any commercial and industrial aggregate's internal organization. From Chapter I: "Profit Management". Narrated by Millian Quinteros.

    • 9 min
    1.4. Personnel Management Under an Unhampered Labor Market

    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. Virtually every employer is always in search of cheaper labor and every employee in search of a job with higher remuneration. From Chapter I: "Profit Management". Narrated by Millian Quinteros.

    • 6 min

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