Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
of their criticism. From day to day they become more cumbersome and less open to innovations. The selection of personnel for executive positions is no longer made on the losses that could result, under certain circumstances, from his business policy, his conduct of affairs could all too easily be disposed to run risks that them to take into account factors that, if they were free to determine their policies for themselves, would be far from playing any role whatsoever in the conduct