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 50
... legal property system became the stair- case that took these nations from the universe of assets in their natural state to the conceptual universe of capital , where assets can be viewed in their full productive potential . With legal ...
... legal property system became the stair- case that took these nations from the universe of assets in their natural state to the conceptual universe of capital , where assets can be viewed in their full productive potential . With legal ...
Page 109
... property experts could not tell me how to bring people who hold their assets by extralegal arrangements into the legal property system . How do you give people rights to legal property rights ? It was obvious , from what little Western ...
... property experts could not tell me how to bring people who hold their assets by extralegal arrangements into the legal property system . How do you give people rights to legal property rights ? It was obvious , from what little Western ...
Page 229
... legal property is the indispensable process that fixes and deploys capital ; that without property mankind cannot convert the fruits of its labour into fungible , liquid forms that can be differentiated , combined , divided and invested ...
... legal property is the indispensable process that fixes and deploys capital ; that without property mankind cannot convert the fruits of its labour into fungible , liquid forms that can be differentiated , combined , divided and invested ...
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