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 181
... rules do not realize that most of their citizens have firmly established their own rules by social contract . The notion that social contracts underlie successful laws goes all the way back to Plato , who thought that legitimacy had to ...
... rules do not realize that most of their citizens have firmly established their own rules by social contract . The notion that social contracts underlie successful laws goes all the way back to Plato , who thought that legitimacy had to ...
Page 185
... rules selectively borrowed from the official legal system . In the absence of legal protection from the state in ... rules that people blindly follow . Rather , law represents the formalization of behavioral rules , about which a high ...
... rules selectively borrowed from the official legal system . In the absence of legal protection from the state in ... rules that people blindly follow . Rather , law represents the formalization of behavioral rules , about which a high ...
Page 186
... rules . Whenever we visited an undercapitalized area , whether in Asia , America or the Middle East , we never stepped into a wilderness . By observing carefully , we were always able to distinguish patterns of rules . In the worst ...
... rules . Whenever we visited an undercapitalized area , whether in Asia , America or the Middle East , we never stepped into a wilderness . By observing carefully , we were always able to distinguish patterns of rules . In the worst ...
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