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 149
... miners left little to chance . Most mining district regulations generally involved nine distinct stages . First , the miners posted notices or got the word out announcing a mass meeting at a well - known location to form a new district ...
... miners left little to chance . Most mining district regulations generally involved nine distinct stages . First , the miners posted notices or got the word out announcing a mass meeting at a well - known location to form a new district ...
Page 151
... miners ' claims , and the courts proceeded to sanction their extralegal arrange- ments . In 1861 a justice of the California Supreme Court commented on the legitimacy of the miners ' extralegal arrangements in Gore v . McBreyer : ' it ...
... miners ' claims , and the courts proceeded to sanction their extralegal arrange- ments . In 1861 a justice of the California Supreme Court commented on the legitimacy of the miners ' extralegal arrangements in Gore v . McBreyer : ' it ...
Page 152
... miners discussed how their law paralleled and simplified the formal property rights system : Under the miners ' law , the locator is his own executive officer to take the land , grant himself a possessory title , fix the boundaries ...
... miners discussed how their law paralleled and simplified the formal property rights system : Under the miners ' law , the locator is his own executive officer to take the land , grant himself a possessory title , fix the boundaries ...
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