A renowned economist's classic book on capitalism in the developing world, showing how property rights are the key to overcoming poverty "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 one of the most pressing questions 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 extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.

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

Business & Money

HERNANDO DE SOTO

Economics

Basic Books

The Mystery of Capital

BANTAM PRESS

Altering the way we perceive underdeveloped countries, this revolutionary volume focuses on Lima, Peru, and how its internal economies and political alliances function. De Soto also describes the surprising and revolutionary world of the "informals," those who work outside the law to achieve their goals. 24 pages of photographs.

The Other Path: The Invisible Revolution in the Third World

I.B.Tauris

La Crisis Financiera Internacional: Un desafío para el mundo y América Latina

Juan José Marthans León

Pedro Pablo Kuczynski

Luis Oganes

G&G Colorprint S.A.C

El misterio del capital

Ediciones Península

El Otro Sendero

El Otro Sendero: La Revolucion Informal

Editorial La Oveja Negra

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Books by HERNANDO DE SOTO