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The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else

by

The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else Cover

 

Synopses & Reviews

Publisher Comments:

"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 the question that, more than any other, is central to one of the most crucial problems 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 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 informal, extralegal ownership to a formal, unified legal property system, but in the West we've forgotten that creating this system is also what allowed people everywhere to leverage property into wealth. This persuasive book will revolutionize our understanding of capital and point the way to a major transformation of the world economy.

Synopsis:

The world-famous Peruvian economist examines why some countries succeed at capitalism while others fail. As evidenced in the development of the West, economic success, he argues, is less determined by cultural differences than by the legal structure of property and property rights. 25 charts & tables.

Synopsis:

From the most important economist in the Third World, a revolutionary and practical plan for transforming underperforming economies-based on the forgotten history of how wealth was created in the West.

Description:

Includes bibliographical references (p. [229]-239) and index.

Product Details

ISBN:
9780465016143
Author:
de Soto, Hernando
Author:
Soto, Hernando De
Author:
de Soto, Hernando
Publisher:
Basic Books
Location:
New York :
Subject:
Economics - International
Subject:
Capitalism
Subject:
Economics - Theory
Subject:
Free Enterprise
Subject:
International - Economics
Subject:
Economics - General
Edition Description:
Trade Cloth
Series Volume:
no. 98-3237
Publication Date:
20000906
Binding:
Hardback
Language:
English
Illustrations:
Yes
Pages:
288
Dimensions:
9.25 x 6.13 in

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Related Subjects

History and Social Science » Economics » General
History and Social Science » Economics » Global Economics
History and Social Science » Economics » History

The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else Used Hardcover
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Product details 288 pages Basic Books - English 9780465016143 Reviews:
"Synopsis" by , The world-famous Peruvian economist examines why some countries succeed at capitalism while others fail. As evidenced in the development of the West, economic success, he argues, is less determined by cultural differences than by the legal structure of property and property rights. 25 charts & tables.
"Synopsis" by ,
From the most important economist in the Third World, a revolutionary and practical plan for transforming underperforming economies-based on the forgotten history of how wealth was created in the West.

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