Hernando de Soto is President of the Institute for Liberty and Democracy (ILD), headquartered in Lima, Peru. He was named one of the five leading Latin American innovators of the century by Time magazine in its May 1999 issue on "Leaders for the New Millennium." De Soto played an integral role in the modernization of Peru's economic and political system as President Alberto Fujimori's Personal Representative and Principal Adviser. His previous book, The Other Path, was a best seller throughout Latin America and the U.S. He and ILD are currently working on the practical implementation of the measures for bringing the poor into the economic mainstream introduced in The Mystery of Capital. He lives in Lima, Peru.
The Mystery of Capital makes a powerful case...An important
book.--Washington Post Book World
If a nonmathematician can win a Nobel Prize in Economics, I nominate de Soto.--Lawrence Minard, Forbes Global
In his smart new book, The Mystery of Capital, de Soto answers the question why capitalism succeeds in the West and fails in so many other places.--Thomas Friedman, New York Times
Some books are good, some are bad, but very few are real gems. One of the few gems is the recently published book, The Mystery of Capital.--Thomas Sowell
The blueprint for a new industrial revolution.--The Times (London)
The most intelligent book yet written about the current challenge of establishing capitalism in the developing world.--Economist