The Mystery of Capital
Why Capitalism Triumphs in the West and Fails Everywhere Else
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Narrated by:
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Bob Souer
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By:
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Hernando de Soto
About this listen
A renowned economist's classic book on capitalism in the developing world, showing how property rights are the key to overcoming poverty.
"The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail?
In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West, we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.
©2000 Hernando de Soto (P)2019 TantorListeners also enjoyed...
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Guyanese intellectual Walter Rodney emerged as one of the leading thinkers and activists of the anticolonial revolution. In 1980, shortly after founding of the Working People's Alliance in Guyana, the 38-year-old Rodney would be assassinated. In his magnum opus, Rodney incisively argues that grasping "the great divergence" between the West and the rest can only be explained as the exploitation of the latter by the former. This meticulously researched analysis of the repercussions of European colonialism in Africa remains an indispensable study for grasping global inequality today.
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A Superb must read for everyone
- By Joy on 04-16-19
By: Walter Rodney, and others
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50 Economics Classics
- Your Shortcut to the Most Important Ideas on Capitalism, Finance, and the Global Economy
- By: Tom Butler-Bowdon
- Narrated by: John Chancer
- Length: 15 hrs and 22 mins
- Unabridged
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Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism, and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's best-seller Capital in the Twenty-First Century, here are the great books and seminal ideas, clarified and illuminated for all.
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Golden Gulag
- Prisons, Surplus, Crisis, and Opposition in Globalizing California
- By: Ruth Wilson Gilmore
- Narrated by: Machelle Williams
- Length: 7 hrs and 57 mins
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Since 1980, the number of people in US prisons has increased more than 450 percent. Despite a crime rate that has been falling steadily for decades, California has led the way in this explosion, with what a state analyst called "the biggest prison building project in the history of the world". Golden Gulag provides the first detailed explanation for that buildup by looking at how political and economic forces conjoined to produce the prison boom.
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Started off great but devolved into case study
- By normal person on 10-16-21
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The Decline and Rise of Democracy
- A Global History from Antiquity to Today
- By: David Stastavage
- Narrated by: Tom Perkins
- Length: 11 hrs and 34 mins
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Historical accounts of democracy's rise tend to focus on ancient Greece and pre-Renaissance Europe. The Decline and Rise of Democracy draws from global evidence to show that the story is much richer - democratic practices were present in many places at many other times. David Stasavage makes the case that understanding how and where these democracies flourished - and when and why they declined - can provide crucial information not just about the history of governance, but about the ways modern democracies work and where they could manifest in the future.
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Informative
- By Frank on 12-22-20
By: David Stastavage
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A Brief History of the Future
- A Brave and Controversial Look at the Twenty-first Century
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- Narrated by: Alan Robertson
- Length: 9 hrs and 40 mins
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What will planet Earth be like in 20 years? At mid-century? In the year 2100? Prescient and convincing, this book is a must-read for anyone concerned about the future. Never has the world offered more promise for the future and been more fraught with dangers. In this powerful and sometimes terrifying work, Attali analyzes the past and pinpoints nine distinct periods of human history, each with its world center of power and prestige, and predicts what the tenth will bring by the end of this century.
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feels like a popular mechanics article
- By Robin on 07-11-17
By: Jacques Attali
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Free to Choose
- A Personal Statement
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- Length: 12 hrs and 15 mins
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Milton Friedman and his wife, Rose, teamed up to write this most convincing and readable guide, which illustrates the crucial link between Adam Smith's capitalism and the free society. They show how freedom has been eroded and prosperity undermined through the rapid growth of governmental agencies, laws, and regulations.
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Fantastic
- By Erik on 01-21-08
By: Milton Friedman, and others
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World-Systems Analysis: An Introduction
- A John Hope Franklin Center Book
- By: Immanuel Wallerstein
- Narrated by: Fred Filbrich
- Length: 4 hrs and 32 mins
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In World-Systems Analysis, Immanuel Wallerstein provides a concise and accessible introduction to the comprehensive approach that he pioneered 30 years ago to understanding the history and development of the modern world. Since Wallerstein first developed world-systems analysis, it has become a widely utilized methodology within the historical social sciences and a common point of reference in discussions of globalization.
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Uneven, but Ambitious
- By Logical Paradox on 08-27-14
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The White Man's Burden
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- By: William Easterly
- Narrated by: Mike Chamberlain
- Length: 14 hrs and 35 mins
- Unabridged
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In his previous book, The Elusive Quest for Growth, William Easterly criticized the utter ineffectiveness of Western organizations to mitigate global poverty, and he was promptly fired by his then-employer, the World Bank. The White Man's Burden is his widely anticipated counterpunch - a brilliant and blistering indictment of the West's economic policies for the world's poor.
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A Bit Repetitive
- By Amazon Customer on 04-27-19
By: William Easterly
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The Fourth Revolution
- The Global Race to Reinvent the State
- By: John Micklethwait, Adrian Wooldridge
- Narrated by: Chris Sorensen
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From the best-selling authors of The Right Nation, a visionary argument that our current crisis in government is nothing less than the fourth radical transition in the history of the nation-state. Dysfunctional government: It' s become a cliché, and most of us are resigned to the fact that nothing is ever going to change. As John Micklethwait and Adrian Wooldridge show us, that is a seriously limited view of things. In fact, there have been three great revolutions in government in the history of the modern world.
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A must read for everyone wondering whats going?
- By Truth-be-told on 03-30-15
By: John Micklethwait, and others
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Biased inserted compared to the original
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A mostly successful and interesting history
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What listeners say about The Mystery of Capital
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- Yoshi Tryba
- 09-19-22
amazing book
must read and will be at the top of books I recommend to many people
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- Tilay Williams
- 08-27-21
The Mystery of Capital
Very comprehensive and requisite reading for everyone. This book unequivocally puts wealth creation in proper context.
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- karl neubert
- 09-30-21
Very informative book
Very informative book that explains the inner workings of capitalism and why it works so well where the property system has been well integrated with society in general, ie. western countries and a few others. It explains it in a way that even those who live in such societies never think about it due to it being almost taken for granted and second nature.
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- MAC
- 11-01-19
This is a must read.
I you want to know why Capitalism works for some and not others this is your book. The author is somewhat redundant but he gives many excellent examples to provide a convincing argument on how property rights are the foundation of western success.
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- Nellie boi
- 05-29-21
Good global perspective on Capitalism
This book made me think deeper in terms of importance of capital generation, underlying societal/legal roadblocks and how it impacts wealth creation.
It ties in well with the saying - Everything that glitters is not gold or perhaps will remain or generate further gold!
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2 people found this helpful
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- Rurik McKaiser
- 06-15-20
Memorable and Impactful
This is a truly wonderful must read book. The genius of Hernando De Soto oozes out of every page of this seminal work.
Do yourself a massive favour and read this book NOW!!!!
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- John Z
- 06-22-22
Gives great insight into modern web3/nft opportunities
This is one of those books that puts a finger on a concept that we all know exists, but wouldn't be able to easily put into words.
Factoring in modern tech and business landscape compared to that at time of writing (~2002), shows the global significance and opportunity of nft markets, web3, and blockchain tech as a whole.
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1 person found this helpful
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- lisa finn
- 09-18-21
A way to keep the republic?!
I find the ideas and information in this book fascinating.
As an immigrant from former USSR it is disheartening for me to watch a massive move away from appreciating United States as a land of opportunity and a miracle born from American revolution. Just compare the outcome of Russian revolution to understand what I mean.
I am not an economist and simply wondering if more people in US should use the ideas in this book to assess how they can create and use private property to become financially secure. "To expand the limits of the Bell Jar."
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- Ethan Grimmer
- 08-16-22
buy this book
one of the best books I've ever read, serious attention only for best results. keys to change your life and impact the world in this book.
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- Joseph Reeves
- 03-04-24
great book
very informative and eye opening book, good read if you like understanding how things work.
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