Bureaucracy is the clearest and most concise version of the calculation critique of socialism. There are many subtleties to this book, but the main points are straightforward. Mises contrasts profit management with bureaucratic management. To Mises, bureaucratic management is necessary as far as a few basic public services are concerned.
However, the adoption of socialism would mean the extension of bureaucratic management to all areas of the economy. The problem with this is that bureaucracies are inflexible. Changing economic conditions require the adaptation of production. Entrepreneurs implement changes in production because they seek profit. Mises explains why bureaucrats would act irresponsibly - they are not checked by profit and loss accounting. Since public services lack a cash value as generated by markets the costs of increasing public services are unknown. Bureaucrat