Writing in 1944, Mises explains that the core choice we face is between rational economic organization by market prices and the arbitrary dictates of government bureaucrats. There is no third way. He also explains how it is that bureaucracies can't manage anything well, or with an eye for economics at all. It is a devastating and fundamental criticism—an extension of Mises's critique of socialism.

This audio book is made available through the generosity of Mr. Tyler Folger. Narrated by Millian Quinteros.