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The Mystery of Capital by Hernando De Soto [rare books]

The Mystery of Capital by Hernando De Soto [rare books]

Rs. 599.00
Rs. 599.00
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Book Summary

The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else by Hernando de Soto is an influential economics and development book that explores why capitalism succeeds in some countries but struggles in others. The central argument is that the key difference is not the availability of resources, but the lack of clear, legally recognized property rights in many developing nations. De Soto explains that in places where people own assets informally—such as land or homes without legal titles—these assets cannot easily be used as capital to secure loans or investments. As a result, a large portion of wealth remains “dead capital,” unable to fuel economic growth. The book argues that establishing secure property systems is essential for unlocking entrepreneurship, reducing poverty, and enabling broader economic development.

About the Author

Hernando de Soto is a Peruvian economist known for his work on informal economies and property rights. He is the president of the Institute for Liberty and Democracy in Lima, Peru, where he has conducted extensive research on how informal property systems function in developing countries. His work has been highly influential in global discussions on poverty reduction, legal reform, and economic development policy. De Soto’s ideas have been applied in various countries seeking to formalize property ownership and stimulate economic growth through legal and institutional reforms.

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