Bureaucracy - (Liberty Fund Library of the Works of Ludwig Von Mises) by Ludwig Von Mises

Bureaucracy is a comprehensive economic treatise that provides a detailed analysis of the two forms of economic management - free-market economy and bureaucracy.

Written by renowned economist Ludwig von Mises, this book lucidly demonstrates how private ownership and control of public good production ultimately lead to superior results compared to publicly administered plans.

The author emphasizes that bureaucracy is neither good nor bad but a valuable resource for managing certain spheres of human activity such as policing and courts of law.

However, it becomes inefficient and even harmful when applied to private enterprise due to forced obedience to statutes.

This book is a must-read for anyone interested in understanding the intricacies of economic management and the importance of private ownership and control in producing efficient results.