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 124
... improvements , he could not recover the value of what he had done . In the colonies , how- ever , given the lack of effective government and reliable records and surveys , authorities had to accept that improve- ments made on land ...
... improvements , he could not recover the value of what he had done . In the colonies , how- ever , given the lack of effective government and reliable records and surveys , authorities had to accept that improve- ments made on land ...
Page 136
... improvements made on it - throughout the United States during the first sixty years of the nineteenth century suggests that politicians increasingly followed the last course . The history of the adoption of occupancy laws in the United ...
... improvements made on it - throughout the United States during the first sixty years of the nineteenth century suggests that politicians increasingly followed the last course . The history of the adoption of occupancy laws in the United ...
Page 148
... improvements . But if they pur- chased land from a claimant whose boundaries were subsequently adjusted , or whose application was sub- sequently rejected , they might lose the cost of the land as well as the value of their improvements ...
... improvements . But if they pur- chased land from a claimant whose boundaries were subsequently adjusted , or whose application was sub- sequently rejected , they might lose the cost of the land as well as the value of their improvements ...
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