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 The Mystery of CapitalWhy Capitalism Triumphs in the West and Fails Everywhere Elseby Hernando de Soto Jul 8, 2003
Description"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 the question that, more than any other, is central to one of the most crucial problems 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 informal, extralegal ownership to a formal, unified legal property system. In the West we've forgotten that creating this system is also what allowed people everywhere to leverage property into wealth. This persuasive book will revolutionize our understanding of capital and point the way to a major transformation of the world economy. Reviews"Fastidious in its search for the facts but passionate in spirit and language…the blueprint for a new industrial revolution." "A must-read among the globalization jet set." "A provocative and elegantly written book." "The Mystery of Capital makes a powerful case…. An important book." "De Soto has a powerful message not only for the Marxists but also for capitalists…. His revolution cuts several different ways." "If a nonmathematician can win a Noble Prize in Economics, I nominate de Soto." Lawrence Minard "Stunningly conceived, compellingly argued, and impressively written." "De Soto…offers politicians a project which can contribute to the welfare of their country and at the same time enhance their own political standing, a wonderful combination." "After reading this book, it is hard not to feel hopeful about the potential waiting to be tapped in poor countries." Selling TerritoryWorld Excluding UK & Commonwealth |
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