At the height of the US bureaucratic state, wartime planning 1944, a time when nearly all economists believed in either socialism or public administration and central planning, Ludwig von Mises made a remarkable claim: the public sector cannot make decisions in an economically rational manner. His challenge and his book–made available online for the first time–has never been answered. [MORE]
Source link: http://archive.mises.org/1708/public-administration-is-economic-chaos/
Public Administration is Economic Chaos
Previous post: Free Trade, Some Trade, No Trade
Next post: Alan Greenspan’s Free Lunch



Comments on this entry are closed.