The Mystery of Capital - Chapter 1

An extract from Hernando de Soto''s revolutionary new book, The Mystery of Capital: why capitalism works in the West but fails everywhere else.
October 09, 2000
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The paradox is as clear as it is unsettling capital, the most essential component of Western economic advance, is the one that has received the least attention. Neglect has shrouded it in mystery ù in fact, in a series of five mysteries.

ááááá The Mystery of Missing Information

ááááááá Charitable organizations have so emphasized the miseries and helplessness of the worldÆs poor that no one has properly documented their capacity for accumulating assets. Over the past five years, I and...

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