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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These arrangements are run by a large variety of organizations , including urban
development associations , farming conventions , small merchant associations ,
small business organizations , micro - entrepreneurial communities , transport ...
Once rights to land have been created extralegally , those involved create
institutions to administer the social contract they have built : informal business
and residential organizations meet regularly , make decisions , obtain and
... 219–24 ; vulnerable , 220 ; without capital , 10 capitalization process , 167–9
Cecil , Lord , 103 Center for Private Sector Economic Studies ( CPSEIS ) , 79
centralization of power , 82 chain of title , 194 charitable organizations , 12
Charles I ...
What people are saying - Write a review
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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