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

Description

Book Synopsis: A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "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.

Details

Harness the power of knowledge with "The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else." This groundbreaking book unravels the complexities of capitalism and delves into the reasons behind its success in the Western world while struggling in other parts of the globe. Offering a fresh perspective, it uncovers the vital role that property rights play in fostering economic development.

Discover the secrets to unlocking the true potential of capitalism. With "The Mystery of Capital," you'll gain invaluable insights into the inner workings of the global economy. This thought-provoking masterpiece written by renowned economist Hernando de Soto sheds light on the crucial connection between property rights and widespread prosperity. Its meticulously researched arguments will challenge your understanding of how capitalism operates.

Are you ready to revolutionize your understanding of modern economics? "The Mystery of Capital" is your gateway to a newfound comprehension of the forces that shape our world. Delve into the pages of this captivating book and uncover the reasons behind the triumph of capitalism in the West. Gain a fresh perspective on the barriers holding other societies back, and explore the potential solutions to the economic challenges they face.

Don't miss out on this transformative masterpiece that will expand your knowledge and leave you inspired. Order your copy of "The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else" today and embark on a journey towards unlocking the secrets of successful capitalism.Shop now to embark on a journey towards unlocking the secrets of successful capitalism.

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