The Collected Works of Ludwig von Mises

It always struck me as strange that such a great and important thinker as Ludwig von Mises, whose last posthumous work was published in 2012, did not have a dedicated and comprehensive anthology. Since I personally have a significant interest in “what Mises said” on this or that topic, it also frustrated me that there was no simple online resource available where I could do this—despite so much of Mises’s works being available online.

Thus, I’ve used my time during the COVID-19 lockdown to create this compendium: over 8600 pages, 36 separate volumes, 200 megabytes.

Find it under the Free eBooks section of this website, or simply click here. This version was last updated May 12th, 2020.

The list of titles of the collected works include:

Title	CTRL+F	Pages of the PDF
A Critique of Interventionism	KZ01	4-143
Bureaucracy	KZ02	144-272
Economic Freedom and Intervention	KZ03	273-585
Economic Policy: Thoughts for Today and Tomorrow	KZ04	586-682
Human Action (Scholar’s Edition)	KZ05	683-1635
Interventionism: An Economic Analysis	KZ06	1636-1764
Liberalism	KZ07	1765-1973
Liberty and Property	KZ08	1974-2028
Marxism Unmasked	KZ09	2029-2154
Memoirs	KZ10	2155-2303
Money, Method, and the Market Process	KZ11	2304-2658
Nation, State, and Economy	KZ12	2659-2883
Notes and Recollections, with the Historical Setting of the Austrian School	KZ13	2884-3068
Omnipotent Government	KZ14	3069-3421
Planned Chaos	KZ15	3422-3465
Planning for Freedom (and other essays)	KZ16	3466-3658
Profit and Loss	KZ17	3659-3718
Selected Works Vol I	KZ18	3719-4151
Selected Works Vol II	KZ19	4152-4608
Selected Works Vol III	KZ20	4609-4929
Socialism: An Economic Analysis	KZ21	4930-5524
The Anti-Capitalistic Mentality	KZ22	5525-5613
The Clash of Group Interest and Other Essays	KZ23	5614-5650
The Free Market and Its Enemies	KZ24	5651-5769
The Theory of Money and Credit	KZ25	5770-6306
The Ultimate Foundation of Economic Science	KZ26	6307-6451
On the Manipulation of Money and Credit	KZ27	6452-6676
The “Austrian” Theory of the Trade Cycle	KZ28	6677-6689
Economic Calculation in the Socialist Commonwealth	KZ29	6690-6780
Money and Inflation	KZ30	6781-6874
Epistemological Problems of Economics	KZ31	6875-7123
Entries for the Encyclopedia Britannica	KZ32	7124-7134
Theory and History	KZ33	7135-7529
Human Action (Liberty Fund Edition, volumes 1-3)	KZ34	7530-8442
A Critique of Bohm-Bawerk’s Reasoning	KZ35	8443-8451
Glossary (“Mises Made Easier”)	KZ36	8452-8602

Three Short Stories on Housing Economics

Originally published on Notes on Liberty.

Do you love housing economics but have struggled to get the basic ideas across the younger generation? Yes, you get excited about reading 60-page reports, but kids these days have better things to do.

That’s why I wrote these three, action-packed, short stories which you can read to any child (or child at heart).

So without further ado, here are three stories about how the supply of housing affects the prices of housing.

Continue reading “Three Short Stories on Housing Economics” →

The Economic and Political Dynamics of Zoning

Originally published on Mises.org

Ludwig_von_Mises[1] Both economic decisions and political decisions involve choices and tradeoffs. The difference is that economic decisions are ultimately informed and rely upon monetary prices, revenues and costs. Political decisions, meanwhile, do not depend on market outcomes—they can be based on love, legacy, favors, or establishing power relations.

Zoning is the practice of governments controlling the type, size, and population density of buildings. (Zoning should not be confused with building codes, which control the building materials and other design aspects of buildings.) The purpose of zoning has been to create separate regional “zones” of building types: broadly, these categories typically include residential, industrial, retail, and parks. The zones are then broken down into more minute categories, like low, medium, and high density homes, different kinds of retail businesses, and so on.

Zoning is a type of government intervention into economic decision making: it the practice of the state (whether it is the municipality, subnational, or national level) intervening in the affairs of private individuals in where and what they can build. By intention, zoning is a limit on the supply of housing. In effect, it is a limit on the quantity of the stock of housing; that is, it acts like any other quota or prohibition.

While many economists, from Rothbard himself, to even those in the mainstream, recognize the deleterious effects of zoning, there does not exist a single, thoroughgoing Austrian analysis on the subject. The purpose of this piece is to be that analysis. It is broken up into two sections: the politics of zoning, and the economics of zoning.

Continue reading “The Economic and Political Dynamics of Zoning” →

Rethinking the Yellowbelt: Report Release

After a full year of research, the largest, most comprehensive report on the economics, politics, history, and policies of zoning in Toronto is available for download.

The full report is available both on the Housing Matters website, and quickly downloadable here: Rethinking the Yellowbelt.

The “Yellowbelt” refers to the portion of the city that’s zoned exclusively for detached homes. The report goes into detail explaining when and why such a zone came into existence, where it spreads in the city, who is hurt by the existence of this zone and how; and what it will take to change the system.

A summary of the report follows. Of course, the report itself goes into much more detail.

Continue reading “Rethinking the Yellowbelt: Report Release” →

Picturing Basic Housing Economics

Originally posted on Housing Matters.

A lot of people have a hard time figuring out how new “luxury condos” actually make housing more affordable for everyone. So I drew some pictures to clarify.

Continue reading “Picturing Basic Housing Economics” →

Toronto city councillors want to make housing even less affordable. Ontario’s stopping them

Originally published in the Financial Post.

Building more homes just became easier in two of the most densely populated areas in Ontario: Toronto’s downtown core and its “midtown,” a small strip of land centred at Yonge St. and Eglinton Ave. For anyone interested in finding a place to live in those areas, this is great news. Continue reading “Toronto city councillors want to make housing even less affordable. Ontario’s stopping them” →

Response to Ryerson CBI on Bill 108

Originally posted on Housing Matters.

Earlier in May, the Ontario Government tabled new legislation as part of its long-anticipated Housing Supply Action Plan. Known as Bill 108, it proposes numerous changes to several existing laws and regulations.

The preamble of the Bill makes it very clear: the Government of Ontario “believes that increasing the supply of housing will help every person in Ontario by making housing more affordable.” We at Housing Matters share in that belief. We’ve come to this belief through careful analysis of economic theory and data. And after careful study of the contents of this Bill, we believe that it will do as promised: increase the supply of housing, and, consequently, make housing more affordable.

However, the researchers at the Ryerson City Building Institute (CBI) have reached a different conclusion from their analysis of the same Bill. Indeed, CBI begins their analysis by predicting:

it is unlikely that the Housing Supply Action Plan and Bill 108 will improve housing affordability while also targeting the lack of housing options, including missing middle and family sized multi-unit housing. What is proposed may, in fact, reduce livability and affordability throughout the province — particularly in areas facing intense growth pressure…. (p. 1)

We disagree with these statements. To be clear, we believe that Bill 108 — while not a perfect panacea — will (1) increase the availability of housing options, (2) increase livability, (3) increase affordability, (4) and this will be especially true in areas facing intense growth pressures. The following post will analyze the changes to Bill 108 with respect to these areas, and we will compare our findings to that of the CBI.

Table of Contents

— The Economics of Supply and Demand
— On Development Charges
— On the LPAT and OMB
— On Heritage Protection
— On Community Benefits, Public and Private
— On Inclusionary Zoning
— Changes to the Building Code
— Conclusion

Continue reading “Response to Ryerson CBI on Bill 108” →

Statement on the Decision to Partially Eliminate Rent Control

Originally posted on Housing Matters.

The Government of Ontario announced in its fall economic outlook this past week that they were removing some restrictions on rent control. While rent control remains unchanged for existing tenants, new rental units will not be subject to any price controls whatsoever.

This policy change is a response to the previous government’s “Fair Housing Plan”, introduced in 2017. Prior to the Fair Housing Plan, only homes built before 1991 were subject to rent control. In 2017, rent control was extended to all rentals regardless of the year of construction.

Following the introduction of the “Fair Housing Plan”, 1,000 units originally slated to be purpose-built apartments were converted to condos. That, in a city with a rental vacancy rate of 0.7% — a sixteen year low for the city, and one of the lowest rates in the world.

As a partial reversal of a one-year-old policy, the short-term impact of the new government’s change will likely be small.

However, as we will explain below, this policy has long term impacts that affect the quantity, quality, and price of rental housing, as well as the kind of individuals likely to be affected. In particular, this new policy averted a future of extreme rental shortages, declining rental housing quality, rapidly increasing rents, and discrimination against low-income renters. Continue reading “Statement on the Decision to Partially Eliminate Rent Control” →

Nudge of the Week: Design Matters

Last week, there was tragedy on Southwest flight 1380, when an engine explosion led to a broken window in the fuselage and the death of a passenger.

While the pilot, Captain Tammie Jo Shultz, was able to land quickly to prevent further injuries, the sudden depressurization could have led to many more injuries. Especially as photo evidence shows that, despite clear instructions at the beginning of the flight, many passengers were not covering both their nose and mouth with the oxygen mask

The problem, in my view, is that there is nothing obvious about the design of the mask that indicates it should go over both the nose and mouth. Its circular opening reassembles a cup.

In order to prevent misuse, misuse has to be more difficult to achieve that proper use. In this case, perhaps a more triangular shape would better indicate an orientation that would cover the nose as well.

Emergency situations, especially when life and death are involved, are very stressful. Stress makes people more likely to lose focus and make mistakes. Designing in a way that actively prevents error can save lives.

Nudge of the Week: Praise what you want to get more of

There are three ways you can give someone a compliment:

1. The compliments criticism-compliment sandwich: your compliments have an ulterior motive, which is really to criticize someone. The person you’re giving the compliment to will realize this, and will not take your compliments seriously.

2. Complimenting something someone was born with: you tell someone that they’re smart, or they have beautiful eyes, or tall. This might brighten up their day. But it will also promote complacency.

3. Compliment a behavior: praise their good work ethic, attention to detail, their willingness to try something new in the face of adversity, or something else that requires thought and action. This is called positive reinforcement. It will encourage more of that behavior.

So if you want encourage people to get better, praise the behavior that makes them better!