by Ludwig von Mises
Publisher: Yale University Press 1946
Number of pages: 135
Mises's 1944 book applies his insight concerning economic calculation to delineate the difference between bureaucratic management and profit-and-loss management in the free market. The implications of his argument are far reaching, for it shows that all types of public administration lack the ability to conduct their affairs in an economic rational manner.
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By following the same structure as the companion text, this book of exercises tests your knowledge of Strategic Financial Management. It also develops a number of theoretical concepts outlined in the companion text as a guide to further study.
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