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 161
... people's con- ventions on how they can hold their assets , both legal and extralegal , without high - level political leadership . To explain these countries ' underground economies , in which 50 to 80 per cent of the people typically ...
... people's con- ventions on how they can hold their assets , both legal and extralegal , without high - level political leadership . To explain these countries ' underground economies , in which 50 to 80 per cent of the people typically ...
Page 166
... people . Third , creating an integrated system is not about draft- ing laws and regulations that look good on paper , but rather about designing norms that are rooted in people's beliefs and are thus more likely to be obeyed and ...
... people . Third , creating an integrated system is not about draft- ing laws and regulations that look good on paper , but rather about designing norms that are rooted in people's beliefs and are thus more likely to be obeyed and ...
Page 177
... people's land in government - run collectives ) . The crippling political agendas of ' left v . right ' are largely irrelevant to the needs of most people in developing countries . These people move out 177 THE MYSTERY OF LEGAL FAILURE.
... people's land in government - run collectives ) . The crippling political agendas of ' left v . right ' are largely irrelevant to the needs of most people in developing countries . These people move out 177 THE MYSTERY OF LEGAL FAILURE.
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