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 164
... social contracts represent collective understandings of how things are owned and how owners relate to each other . Creating one national social contract on property involves understanding the psycho- logical and social processes the ...
... social contracts represent collective understandings of how things are owned and how owners relate to each other . Creating one national social contract on property involves understanding the psycho- logical and social processes the ...
Page 181
... social contracts of their own making . And when the mandatory law does not square with these extralegal conventions , the parties to those conventions will resent and reject the intrusion . Rooting Law in the Social Contract Extralegal ...
... social contracts of their own making . And when the mandatory law does not square with these extralegal conventions , the parties to those conventions will resent and reject the intrusion . Rooting Law in the Social Contract Extralegal ...
Page 182
... social recognition of a claim's legitimacy . To be legitimate , a right does not necessarily have to be defined by formal law ; that a group of people strongly supports a particular ... social contracts scattered 182 THE MYSTERY OF CAPITAL.
... social recognition of a claim's legitimacy . To be legitimate , a right does not necessarily have to be defined by formal law ; that a group of people strongly supports a particular ... social contracts scattered 182 THE MYSTERY OF CAPITAL.
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