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Bureaucracy

Bureaucracy

Paperback

Series: Liberty Fund Library of the Works of Ludwig Von Mises

EconomicsGeneral Political ScienceUnited States Politics

ISBN10: 0865976643
ISBN13: 9780865976641
Publisher: Liberty Fund
Published: Feb 28 2007
Pages: 128
Weight: 0.50
Height: 0.40 Width: 6.00 Depth: 8.90
Language: English

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.

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General Political Science