Mystery of capital why capitalism triumphs in the west and fails everywhere else

By:

De Soto, Hernando, 1941-

Material type: Text

TextPublication details: London Black Swan 2000Description: 276p. ill., maps ; 25 cmISBN:

9780552999236

Subject(s):

Capitalism

DDC classification:

330.122 22 DE-M

LOC classification:

HB501 .S778 2000

Contents:

Ch. 1. The Five Mysteries of Capital -- Ch. 2. The Mystery of Missing Information -- Ch. 3. The Mystery of Capital -- Ch. 4. The Mystery of Political Awareness -- Ch. 5. The Missing Lessons of U.S. History -- Ch. 6. The Mystery of Legal Failure -- Ch. 7. By Way of Conclusion.

Review: "Five years ago, Hernando de Soto and his research team closed their books and opened their eyes. They went into the streets of developing and former communist nations to learn what real people are achieving inside and outside the underground economy. Their findings are dramatic. The data they have collected demonstrate that the world's poor have accumulated all the assets needed for successful capitalism.".Summary: "Why then are these countries so underdeveloped? Why can't they turn these assets into liquid capital - the kind of capital that generates new wealth? De Soto reminds us that the present global crisis is the same kind of crisis that the advanced nations suffered during the Industrial Revolution, when they themselves were Third World countries teeming with black markets, pervasive mafias, widespread poverty and flagrant disregard of the law.Summary: The Western nations, he argues, created the key conversion process 150 years ago, and their Economies began to soar into wealth without their ever realizing what they had done. De Soto explains how this unwitting process, hidden deep in thousands of pieces of property law throughout the West, came to be, how it works, and how today it can be deliberately set up in developing and former communist nations."--BOOK JACKET.

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Holdings
Item type	Home library	Collection	Call number	Status	Date due	Barcode
Print	OPJGU Sonepat- Campus Main Library	General Books	330.122 DE-M (Browse shelf(Opens below))	Available		121164

Includes bibliographical references (p. [229]-239) and index.

"Five years ago, Hernando de Soto and his research team closed their books and opened their eyes. They went into the streets of developing and former communist nations to learn what real people are achieving inside and outside the underground economy. Their findings are dramatic. The data they have collected demonstrate that the world's poor have accumulated all the assets needed for successful capitalism.".

"Why then are these countries so underdeveloped? Why can't they turn these assets into liquid capital - the kind of capital that generates new wealth? De Soto reminds us that the present global crisis is the same kind of crisis that the advanced nations suffered during the Industrial Revolution, when they themselves were Third World countries teeming with black markets, pervasive mafias, widespread poverty and flagrant disregard of the law.

The Western nations, he argues, created the key conversion process 150 years ago, and their Economies began to soar into wealth without their ever realizing what they had done. De Soto explains how this unwitting process, hidden deep in thousands of pieces of property law throughout the West, came to be, how it works, and how today it can be deliberately set up in developing and former communist nations."--BOOK JACKET.

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