The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else -- Hernando de Soto, Paperback
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else -- Hernando de Soto, Paperback
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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.
Author: Hernando de Soto
Publisher: Basic Books
Published: 08/01/2003
Pages: 288
Binding Type: Paperback
Weight: 0.60lbs
Size: 7.90h x 5.30w x 1.00d
ISBN: 9780465016150
About the Author
Hernando de Soto is President of the Institute for Liberty and Democracy (ILD), headquartered in Lima, Peru. He was named one of the five leading Latin American innovators of the century by Time magazine in its May 1999 issue on Leaders for the New Millennium. De Soto played an integral role in the modernization of Peru's economic and political system as President Alberto Fujimori's Personal Representative and Principal Adviser.
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