Transformation of property into productive capital

Stoyadin Savov

Economic Thought journal, 2003, issue 1, 21-46

Abstract: An authorized interpretation is made of the book "The Mystery of Capital" (Why Capitalism Triumphs in the West, and fails Everywhere Else) by Hernando de Soto, president of the Peru based Institute for Freedom and Democracy (IFD), regarded by the British magazine The Economist as a second, by importance, centre of strategic thought in the world, and The Time Magazine places the author among the names of the five leading political scholars of Latin America in the 20-th century. His preceding paper "The Other Path" is a bestseller in the USA, and can be visited in the site www.ild.org.pe. The presented book is a translation into Russian from the English original "The Mystery of Capital" (Why Capitalism Triumphs in the West, and Fails Everywhere Else, Hernando de Soto). The book consists of seven chapters: 1. Five mysteries of capital, 2. The mystery of lacking information. 3. The mystery of capital. 4. The mystery of political misunderstanding. 5. The forgotten lessons from the history of the USA. 6. The mystery of legal impotence. 7. In lieu of conclusion.

JEL-codes: A11 E22 P51 P52 (search for similar items in EconPapers)
Date: 2003
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