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Summaries and Short Reviews

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Shvoong Home>Business & Economy>It>The Mystery of Capital Summary

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The Mystery of Capital

Book Abstract by: getAbstract    

Original Author: Hernando de Soto
Hernando de Soto’s ideas cannot and should not be ignored. This book will open many eyes to the nature of capital. The author
suggests a radically simple yet enormously challenging way of bringing the world’s impoverished billions onto the track of capitalism and development: give them legal property rights to what they "own." The author’s intriguing case is that a lack of property rights - not a lack of entrepreneurial zeal or competence - stymies development in the former East Bloc and Third World countries. This seemed to be a shockingly original notion when the author first propounded it in his bestseller The Other Patch , and it still does. If the book has a flaw, getAbstract.com warns, it is that the author’s undisguised missionary ardor sometimes makes one wonder whether he is merely a zealot. Even if he were one, the book would merit reading.
Published: April 20, 2009
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