El misterio del capital: por qué el capitalismo triunfa en occidente y fracasa en el resto del mundo

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Basic Books, 2000 - Business & Economics - 276 pages
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"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.

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User Review  - Blandino Go, PhD - Borders

Hernando de Soto's experience in Peru provide a clear picture of a poor country that will thrive if the poor are allowed to take control of their lives. Success in poor countries revolves around one ... Read full review


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About the author (2000)

De Soto is President of the Institute for Liberty and Democracy in Lima, Peru.

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