Bureaucracy.Bureaucracy Ludwig von Mises Ludwig Heinrich Edler von Mises (September 29, 1881 – October 10, 1973) (pronounced [ˈluːtvɪç fɔn ˈmiːzəs] was a notable economist and a major influence on the modern libertarian movement. , author; Bettina Bien Greaves greaves cracklings, an edible raw fat from the meat trade. The skimmings from the preparation of this fat are also called greaves. They represent a low grade of meat meal. , editor Liberty Fund, Inc. 8335 Allison Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] Trail, Suite 300, Indianapolis, IN 46250-1684 9780865976641, $10.00 www.libertyfund.org 1-800-955-8335 Written by professor former Vienna Chamber of Commerce economist Ludwig von Mises (1881-1973), Bureaucracy is a classic economic treatise A scholarly legal publication containing all the law relating to a particular area, such as Criminal Law or Land-Use Control. Lawyers commonly use treatises in order to review the law and update their knowledge of pertinent case decisions and statutes. , first published in 1944, about how the efficient aspects of private ownership and control of public good production ultimately produces superior results compared to the mishmash mish·mash n. A collection or mixture of unrelated things; a hodgepodge. [Middle English misse-masche, probably reduplication of mash, soft mixture; see mash. of publically administrated plans laced with codes of "officialdom", government incompetence, unforeseen legal wranglings, graft, and other ills. "Bureaucracy in itself is neither good nor bad," Mises states; rather, bureaucracy is a valuable resource for managing certain spheres of human activity, such as policing and courts of law, yet ultimately a failure or even harmful when applied to private enterprise, simply because forced obedience to strict rules hobbles entrepreneurial managers' room to maneuver amid fluctuating market situations, and stifles their innovation in response to evolving consumer wants. "Under socialism ... the beginner must please the already settled. They do not like too efficient newcomers. (Neither do old-established entrepreneurs like such men; but, under the supremacy of the consumers, they cannot prevent their competition.) In the bureaucratic bu·reau·crat n. 1. An official of a bureaucracy. 2. An official who is rigidly devoted to the details of administrative procedure. bu machine of socialism the way toward promotion is not achievement but the favor of the superiors... The rising generation is at the mercy of the aged." As timely and insightful now as it was over half a century ago, Bureaucracy is highly recommended especially for college library and economic studies shelves. |
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