Bureaucracy

Home | Mises Library | 1.1. The Operation of the Market Mechanism

1.1. The Operation of the Market Mechanism

  • Bureaucracy by Ludwig von Mises
0 Views

Tags Libre MercadoTeoría de la ProducciónValor e Intercambio

05/02/1944Ludwig von Mises

The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are not supreme, they are steersmen only, bound to obey unconditionally the captain's orders. The captain is the consumer.

From Chapter I: "Profit Management". Narrated by Millian Quinteros.

Shield icon interview