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Bureaucracy by Ludwig von Mises
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by Ludwig von Mises
Publisher: Yale University Press 1946
Number of pages: 135
Mises's 1944 book applies his insight concerning economic calculation to delineate the difference between bureaucratic management and profit-and-loss management in the free market. The implications of his argument are far reaching, for it shows that all types of public administration lack the ability to conduct their affairs in an economic rational manner.