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Title details for The Mystery of Capital by Hernando De Soto - Available

The Mystery of Capital

Why Capitalism Triumphs in the West and Fails Everywhere Else

by Hernando De Soto
ebook
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2 of 2 copies available
A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist)
"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.

  • Creators

  • Publisher

  • Release date

    March 20, 2007

  • Formats

    • OverDrive Read

      • ISBN: 9780465004010

    • EPUB ebook

      • ISBN: 9780465004010
      • File size: 3811 KB

  • Languages

    • English

  • Levels

    • Lexile® Measure: 1460
    • Text Difficulty: 12

  • Reviews

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Formats

  • OverDrive Read
  • EPUB ebook

subjects

Languages

  • English

Levels

  • Lexile® Measure:1460
  • Text Difficulty:12

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