000			01535nam a2200169Ia 4500
005			20250117103456.0
008			250117s9999 xx 000 0 und d
020			_a9780552999236
082			_a330.122SOT
100			_aSoto, Hernando de
245		4	_aThe mystery of capital _bwhy capitalism triumphs in the West and fails everywhere else
260			_aNew York _bBasic Books _c2000
300			_a276 p. : ill. ; 25 cm.
500			_aIncludes bibliographical references and index.
520			_a"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.
650			_aCapitalism.
999			_c663 _d663