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

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

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Paperback, Basic Books, 2002, ISBN # 0465016154
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Important Made in USA Origin Disclaimer: For certain items sold by Walmart on Walmart.com, the displayed country of origin information may not be accurate or consistent with manufacturer information. For updated, accurate country of origin data, it is recommended that you rely on product packaging or manufacturer information.
A distinguished Third World economist takes a close-up look at why capitalism succeeds in some countries and fails in others, arguing that the key to its success is related to the legal structure of property and property rights. Reprint. 35,000 firstA distinguished Third World economist takes a close-up look at why capitalism succeeds in some countries and fails in others, arguing that the key to its success is related to the legal structure of property and property rights. Reprint. 50,000 first printing. printing.

About this item

Important Made in USA Origin Disclaimer: For certain items sold by Walmart on Walmart.com, the displayed country of origin information may not be accurate or consistent with manufacturer information. For updated, accurate country of origin data, it is recommended that you rely on product packaging or manufacturer information.

A distinguished Third World economist takes a close-up look at why capitalism succeeds in some countries and fails in others, arguing that the key to its success is related to the legal structure of property and property rights. Reprint. 35,000 firstA distinguished Third World economist takes a close-up look at why capitalism succeeds in some countries and fails in others, arguing that the key to its success is related to the legal structure of property and property rights. Reprint. 50,000 first printing. printing.

"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 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.

Specifications

Number of Pages: 288
Original Languages: English
Subject: CAPITALISM ,  EAST AND WEST
Author: De Soto, Hernando
Target Audience: Trade
Edition: Reprint
Publisher: Perseus Books Group
ISBN-13: 9780465016150
Assembled Product Dimensions (L x W x H): 5.25 x 8.00 x 0.75 Inches
ISBN-10: 0465016154
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