{"product_id":"9780865976641","title":"Bureaucracy","description":"\u003cp\u003e\u003cb\u003e\u003ci\u003eBureaucracy\u003c\/i\u003e\u003c\/b\u003e 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.\u003c\/p\u003e\u003cp\u003eLudwig von Mises here lucidly demonstrates how the efficiencies of private ownership and control of public good production ultimately trump the guesswork of publicly administered “planning” through codes and “officialdom.”\u003c\/p\u003e\u003cp\u003e\u003cb\u003eLudwig von Mises\u003c\/b\u003e (1881–1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eBettina Bien Greaves\u003c\/b\u003e is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e","brand":"Liberty Fund Inc.","offers":[{"title":"Default Title","offer_id":47022294532336,"sku":"9780865976641","price":12.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780865976641_p0.jpg?v=1763828877","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780865976641","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}