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The Mystery of Capital by Hernando De Soto, Hernando Desoto (2000, Hardcover, Illustrated) 
The Mystery of Capital by Hernando De Soto, Hernando Desoto (2000, Hardcover, Illustrated)

 
The Mystery of Capital by Hernando De Soto, Hernando Desoto (2000, Hardcover, Illustrated)

Author: Hernando De Soto, Hernando Desoto
Publisher: Perseus Books Group
Publication Date: 2000-09-01
Language: English
Format: Hardcover
ISBN-10: 0465016146
ISBN-13: 9780465016143
Product ID: EPID1697937
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Details
Publication Date:2000-09-01
Edition Description:Illustrated

Size
Length:276 pages
Height:9.5 in
Width:6.3 in
Thickness:1.0 in
Weight:20.0 oz

Publisher's Note
"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 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, but 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.

Industry Reviews
"...Peruvian political scientist Hernando de Soto has published a book on economic development that is optimistic in outlook and pragmatic in purpose."
New York Review of Books - Jeff Madrick (05/31/2001)

"What Herman de Soto has done is to help solve the mystery of poverty...."
Times Literary Supplement - Alan Budd (12/22/2000)

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