Book Review on "The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else" by Hernando de Soto
Hernando de Soto, a prominent Peruvian economist, and author has made significant contributions to the fields of economics, development, and property rights. Known for his groundbreaking research and innovative ideas, de Soto has become a leading voice in addressing the challenges faced by developing countries and advocating for inclusive economic systems.
In his influential book series, de Soto explores the relationship between law, property rights, and economic development. “The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else” stands as one of the seminal works in this series. Published in 2000, the book has garnered international acclaim and has been translated into multiple languages. De Soto’s objective in “The Mystery of Capital” is to investigate the reasons behind the economic disparities observed between Western countries and developing nations. Through meticulous research and analysis, he presents a compelling argument about the role of property rights in driving market prosperity.