The Mystery of Capital

Posted on 03 February 2017 by Hernando de Soto

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, 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 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 informal, extralegal ownership to a formal, unified legal property system 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. New Read The Mystery of Capital By Hernando de Soto For Kindle ePUB or eBook – kino-fada.fr Study almost to the exclusion of other factors that the establishment of contract and property rights, aequitable legal system, and access to land titles for the poor are strong factors in improving economic growth I admit my doubts, particularly on the face of only a few examples Any s...Written by a Peruvian author, this book is wonderfully enlightening for anyone interested in issues of 3rd World economic development De Soto s central thesis is quite simple you can t solve the problem of stagnant, poverty stricken economies unless you figure out how to make credit available so that people can start and operate businesses But you can t get credit if you have no assets to secure it with And you have no significant assets you can call your own if you can t establish title to Written by a Peruvian author, thi...More than most conservatives, Hernando De Soto understands that, even with the death of Cold War socialism, the advocates for capitalism are intellectually on the retreat 209 The hour of capitalism s greatest triumph is its hour of crisis Perhaps this explains the recent rise in panicked defenses of free markets, though most of these defenses simply regurgitate Reagan era arguments with no realization of how the debate has shifted and deepened De Soto observes, for those who have not n More than most conservatives, Hernando De Soto understands that, even with the death of Cold War soci...everything your soc prof fails to considerBest Economic Development book I ever read It s thought provoking and it resonates Third World poverty could dramatically shrink if property owners had a legitimate claim to their real property I thought micro lending was the answer to most of Latin America s problems it still is a partial answer , however, De Soto convinces me that most of the Third World already owns enough property to leverage themselves out of poverty if only formal property and legal systems could legitimize their prope Best Economic Development book I ever read It s thought provoking and it resonates Third World poverty could dramatically shrink if property owners had a legitimate claim to their real property I thought micro lending was the answer to most of Latin America s problems it still is a partial answer , however, De Soto convinces me that most of the Third World already owns enough property to leverage themselves out of poverty if only formal property and legal systems could legitim...This book explains the importance of property rights to the success of capitalist systems In order for a society to use its assets to their fullest potential, it needs a legal system that transforms wealth into living capital Living capital can be leveraged to create further wealth for example, in the U.S most new enterprises are funded by mortgages on the entrepreneur s home But in a society that does not clearly define and protect ownership, such strategies are impossible.This explain This book explains the importance of property rights to the success of capitalist systems In order for a society to use its assets to their fullest potential, it needs a legal system that transforms wealth into living capital Living capital can be leveraged to create further wealth for example, in the U.S most new enterprises are funded by mortgages on the entrepreneur s home But in a society that does not clearly define and protect ownership, such strategies are impossible.This explains why market type economies have brought enormous wealth to Western countries, but have failed to do so in most of Latin America, Africa, and the former Soviet block The poor in those regions lack access to formal property systems Regulations and red tape stop th...This book puts forward the stunning notion that one of the things that keeps poor countries poor is that they have most of their value locked up in defunct land, which is tended but not owned by squatters and people who don t have titles to it DeSoto s idea is that land reform in these countries would end up allowing the poor to buy, sell, and borrow the .... An amazing book that investigates the power of informal economic infrastructures Latin America had a higher per capita income than North America in 1789 What happened Why did capitalism take root in North America and why did it fail elsewhere Now that Capitalism s big rival is for intents vanquished, the capitalist society is the only viable option for economic growth left for the developing countries DeSoto s brilliant work examines the impediments to economic growth in the developing worl An amazing book that investigates the power of informal economic infrastructures Latin America had a higher per capita income than North America in 1789 What happened Why did capitalism take ro...

English
03 February 2017

Hernando de Soto