Economic regulation and bureaucracy
14.99 €
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Economic regulation and bureaucracy
14.99 €
In a series of monographs and articles published from 1922 to 1929, L. von Mises conducted a comprehensive analysis of the problems of social cooperation. They examined all theoretically conceivable systems of cooperation - socialism, liberalism, and interventionism (state intervention in the economy) - and evaluated their feasibility and effectiveness. The present collection presents a series of articles published between 1923 and 1929 and a monograph written in 1940, devoted to analyzing the problems of isolated measures of state regulation of the economy - interventionism.
In the small but idea-packed monograph "Bureaucracy" the author compares two forms of management - bureaucratic and those based on information and free market incentives. It was the first systematic economic analysis of government agencies, revealing their inherent tendency to grow in size and their desire to expand their influence even when their activities are not socially and economically beneficial. The warning against the etatism of the mixed economy was not heeded in time. Written long before economists of the public choice school of economics took up the subject, the book describes bureaucracy as both self-interested and economically irrational. Government cannot be reinvented or built on any other principles: if government is required to perform any function, it will be performed by a bureaucracy incapable of acting effectively. The best that can be done under these conditions is to limit the scope of government to the narrowest possible range of issues.
In the small but idea-packed monograph "Bureaucracy" the author compares two forms of management - bureaucratic and those based on information and free market incentives. It was the first systematic economic analysis of government agencies, revealing their inherent tendency to grow in size and their desire to expand their influence even when their activities are not socially and economically beneficial. The warning against the etatism of the mixed economy was not heeded in time. Written long before economists of the public choice school of economics took up the subject, the book describes bureaucracy as both self-interested and economically irrational. Government cannot be reinvented or built on any other principles: if government is required to perform any function, it will be performed by a bureaucracy incapable of acting effectively. The best that can be done under these conditions is to limit the scope of government to the narrowest possible range of issues.
See also:
- All books by the publisher
- All books by the author