The Mystery of Capital Book Reviews

AUTHOR
Hernando De Soto
SCORE
5
TOTAL RATINGS
170

The Mystery of Capital by Hernando De Soto Book Summary

A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist)

"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.

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Book Name The Mystery of Capital
Genre Economics
Published
Language English
E-Book Size 4.76 MB

The Mystery of Capital (Hernando De Soto) Book Reviews 2024

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Summary of The Mystery of Capital by Hernando De Soto

The The Mystery of Capital book written by Hernando De Soto was published on 20 March 2007, Tuesday in the Economics category. A total of 170 readers of the book gave the book 5 points out of 5.

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