{"product_id":"the-mystery-of-capital-by-hernando-de-soto-rare-books","title":"The Mystery of Capital by Hernando De Soto [rare books]","description":"\u003ch2 data-section-id=\"obqri8\" data-start=\"0\" data-end=\"15\"\u003eBook Summary\u003c\/h2\u003e\n\u003cp data-start=\"17\" data-end=\"844\"\u003e\u003cspan class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"\u003e\u003cspan class=\"whitespace-normal\"\u003eThe Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else\u003c\/span\u003e\u003c\/span\u003e by \u003cspan class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"\u003e\u003cspan class=\"whitespace-normal\"\u003eHernando de Soto\u003c\/span\u003e\u003c\/span\u003e 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.\u003c\/p\u003e\n\u003ch2 data-section-id=\"5ufj0k\" data-start=\"846\" data-end=\"865\"\u003eAbout the Author\u003c\/h2\u003e\n\u003cp data-start=\"867\" data-end=\"1471\" data-is-last-node=\"\" data-is-only-node=\"\"\u003e\u003cspan class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"\u003e\u003cspan class=\"whitespace-normal\"\u003eHernando de Soto\u003c\/span\u003e\u003c\/span\u003e 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.\u003c\/p\u003e","brand":"Best Of Used Books","offers":[{"title":"Used","offer_id":48769890353409,"sku":null,"price":599.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0421\/4299\/0495\/files\/m_c6d04e27-bd01-49b8-8b9d-aa5fd8c8c77a.jpg?v=1778756761","url":"https:\/\/bestofusedbooks.com\/products\/the-mystery-of-capital-by-hernando-de-soto-rare-books","provider":"Best Of Used Books","version":"1.0","type":"link"}