The mystery of capital: Why capitalism triumphs in the West and fails everywhere else
Опубликовано на портале: 21-10-2003
New York: Basic Books, 2003, 288 с.
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.
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.
"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?
- The Five Mysteries of Capital
- The Mystery of the Missing Information
- The Mystery of Capital
- The Mystery of Political Awareness
- The Missing lessons of US History
- The Mystery of Legal Failure: Why Property Law Does Not Work Outside the West
- : By Way of Conclusion
Table of Contents
Encyclopedia of Law and Economics. 1999.
Agrarian Capitalism and Poor Relief in England, 1500-1860. Rethinking the Origins of the Welfare State
NBER Working Paper Series. 1999. No. 6956.