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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

Delve into the compelling narrative of "The Mystery of Capital" by Hernando de Soto, a groundbreaking book that explores the triumphs of capitalism in the West and the failures in other parts of the world. Discover the profound insights of a renowned economist who challenges conventional wisdom and sheds light on the crucial role of property rights in economic development. Unravel the complexities of why some nations flourish under capitalism while others struggle, and gain a deeper understanding of how legal structures play a pivotal role in shaping economic success.

Get ready to embark on a thought-provoking journey through the pages of this intelligent book, hailed as a must-read for those interested in global economics and development. With meticulous research and compelling arguments, de Soto presents a compelling case for the transformative power of formal property rights systems. Gain valuable perspectives on the historical evolution of property rights and how they have propelled nations to prosperity, paving the way for a brighter economic future for generations to come.

Immerse yourself in the paradigm-shifting ideas put forth by Hernando de Soto in "The Mystery of Capital," a book that challenges traditional notions of economic success and offers a fresh perspective on the mechanisms that drive capitalism. Explore the fundamental principles that underpin thriving capitalist economies and learn how leveraging property rights can unleash an unprecedented wave of wealth creation and prosperity. Transform your understanding of capital and economics with this seminal work that is sure to leave a lasting impression.

Ready to unlock the secrets of successful capitalism and revolutionize your perspective on global economic development? Don't miss out on this enlightening read that promises to broaden your horizons and reshape your views on the power of property rights. Take the first step towards a brighter economic future by delving into the compelling insights of "The Mystery of Capital." Order your copy now and embark on a transformative journey towards a deeper understanding of the forces that shape our world.

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