The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere ElseWhy 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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Page 13
... give their citizens the institutional framework to produce wealth . They continue to copy such laws today , and , obviously , it doesn't work . Most citizens still cannot use the law to convert their savings into capital . Why this is ...
... give their citizens the institutional framework to produce wealth . They continue to copy such laws today , and , obviously , it doesn't work . Most citizens still cannot use the law to convert their savings into capital . Why this is ...
Page 109
... give people rights to legal property rights ? It was obvious , from what little Western history I had read , that at ... gives the present property institutions 109 THE MISSING LESSONS OF US HISTORY.
... give people rights to legal property rights ? It was obvious , from what little Western history I had read , that at ... gives the present property institutions 109 THE MISSING LESSONS OF US HISTORY.
Page 213
... give legal form to an agenda for transformation even if it means bucking the system . Unless the reform - minded politician hand - picks his lawyers , he will be at the mercy of the ruling legal technocrats who will give lip service to ...
... give legal form to an agenda for transformation even if it means bucking the system . Unless the reform - minded politician hand - picks his lawyers , he will be at the mercy of the ruling legal technocrats who will give lip service to ...
Contents
The Five Mysteries of Capital | 1 |
2 The Mystery of Missing Information | 14 |
How Much Dead Capital? | 27 |
Copyright | |
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Adam Smith advanced nations American apartheid bell jar buildings capitalist cent cities citizens claim associations Claim Clubs colonial Congress create capital dead capital developing and ex-communist developing and former developing countries élites enforce entrepreneurs ex-communist countries extralegal arrangements extralegal property extralegal sector extralegal social contracts formal law formal property system former communist countries former communist nations fungible global Haiti Hernando de Soto housing Ibid illegal institutions integrated investment land lawyers legal property system legal system live maps Marx ments Michel Foucault migrants million miners Office official law organizations owners ownership Peru political politicians poor population Port-au-Prince problem procedures production property arrangements property law property representations property rights protect real estate records reform Registry Revolution rules rural settlements settlers shanty towns society squatters squatting statutes surplus value Third World Tomahawk Rights transactions United urban West Western World and former