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The Mystery of Capital - Why Capitalism Triumphs in the West and Fails Everywhere Else (Paperback, Export ed)
Loot Price: R554
Discovery Miles 5 540
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The Mystery of Capital - Why Capitalism Triumphs in the West and Fails Everywhere Else (Paperback, Export ed)
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Loot Price R554
Discovery Miles 5 540
Expected to ship within 10 - 15 working days
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Donate to Against Period Poverty
Total price: R574
Discovery Miles: 5 740
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"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.
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