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The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere
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The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else Hardcover - 2000

by Hernando de Soto


From the publisher

"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.

First line

THE HOUR OF capitalism's greatest triumph is its hour of crisis.

Details

  • Title The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
  • Author Hernando de Soto
  • Binding Hardcover
  • Edition 1st
  • Pages 288
  • Volumes 1
  • Language ENG
  • Publisher Basic Books, New York
  • Date September 5, 2000
  • Illustrated Yes
  • ISBN 9780465016143 / 0465016146
  • Weight 1.22 lbs (0.55 kg)
  • Dimensions 9.52 x 6.44 x 0.97 in (24.18 x 16.36 x 2.46 cm)
  • Reading level 1460
  • Library of Congress subjects Capitalism
  • Library of Congress Catalog Number 00034301
  • Dewey Decimal Code 330.122
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by de Soto, Hernando

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by De Soto, Hernando

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The Mystery Of Capital Why Capitalism Succeeds In The West And Fails Everywhere Else

by De Soto, Hernando

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  • Hardcover
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