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Digital Audiobook
The Mystery of Capital by Hernando de Soto

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The Mystery of Capital

Narrator
Bob Souer
Publisher
Tantor Media, Inc
Publish Date
28 May 2019
Run Time
6 hours 52 minutes
Format
Audiobook
$13.95

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What to expect

A renowned economist's classic book on capitalism in the developing world, showing how property rights are the key to overcoming poverty.



"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.

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Details

Author
Hernando de Soto
Narrator
Bob Souer
Duration
6 hours 52 minutes
Release Date
28 May 2019
ISBN
9781515919636
Format
Audiobook
Publisher
Tantor Media, Inc
Genre
Business and Management, Capitalism, International economics, International business

Synopsis

A renowned economist's classic book on capitalism in the developing world, showing how property rights are the key to overcoming poverty."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.

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