2.5. Bureaucratic Personnel Management

Tags: Value and Exchange, Big Government

05/02/1944 Ludwig von Mises

A bureaucrat differs from a non-bureaucrat precisely because he is working in a field in which it is impossible to appraise the result of a man’s effort in terms of money. The nation spends money for the upkeep of the bureaus, but what it gets for the expenditure cannot be appraised in terms of money, however important and valuable this “output” may be. Its appraisal depends on the discretion of the government.

From Chapter II: “Bureaucratic Management”. Narrated by Millian Quinteros.

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