The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
Why does capitalism triumph in the West but fail almost everywhere else? Elegantly, and with rare clarity, Hernando de Soto revolutionizes our understanding of what capital is and why it does not benefit five-sixths of mankind. He also proposes a solution: enabling the poor to turn the vast assets they possess into wealth.
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Legal pluralism was the standard in continental Europe until Roman law was
rediscovered in the fourteenth century and governments assembled all currents
of law into one coordinated system . In California just after the gold rush of 1849 ...
English land law had become so technical and had gained so many accretions
through the centuries that the task must initially ... In the long run they did their
work well , but it took them a century to do 173 THE MYSTERY OF LEGAL
That is what Thomas Jefferson did in Virginia at the end of the eighteenth century
, when he increased the fungibility of property by abolishing , among other things
, the practice of entail ( not being able to transfer property outside the family ) .
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LibraryThing ReviewUser Review - Indrit - LibraryThing
I have had the privilege of meeting the Hernando de Soto back in 2006 while attending training at his Institute for Liberty and Democracy in Lima. I can count among those who have also implemented in ... Read full review
LibraryThing ReviewUser Review - ShadowBarbara - LibraryThing
Excellent overview of how we use property to create capital and how most of the world does not have a system for documenting ownership. Most people live in an extralegal system. Has recommendations for changing the systems so that real capitalism can work. Read full review
The Five Mysteries of Capital
The Mystery of Missing Information
How Much Dead Capital?
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