The mystery of capital: why capitalism triumphs in the West and fails everywhere else - by Hernando de Soto[Reading report] by Sylvia Marie d'Albertas


The author was part of the “Alternative Management” third year program in HEC in 2008/2009.

Why does capitalism triumph in the West and fail everywhere else? That is the question that Hernando de Soto tries to answer in this book about the mystery of capital. With an analysis of the private property systems in developing countries and countries from de ex-communist bloc, the book shows that there is a huge amount of capital in those countries but that is a dead capital as the majority of the population lives as ‘extra-legals'.

Quote article  Sylvia Marie d'Albertas, « The mystery of capital: why capitalism triumphs in the West and fails everywhere else - by Hernando de Soto », 16 october 2009, Alternative Management Observatory (AMO), [Reading report]

In the same section

The White Man's Burden - by William Easterly

[Reading report]

[Reading report] : Guillaume Tellez

The attempts to develop the poor countries through international aid plans have failed since the end of World War II and the independences. Planning and increasing amounts of aid do not lead to development and can even have counter-productive effects. One must leave the development to local actors...

>>Read more

Adam Smith, l’économiste malgré lui

[Research paper]

[Research paper] : François-Xavier Faucounau

: This master thesis is focusing on the work of Adam Smith in order to discuss the basis of economics, its axioms or its paradigm. We consider economics as a specific view or a particular representation of society or social phenomenon. This science gives arguable meanings to human actions while...

>>Read more

The silent takeover: global capitalism and the death of democracy

[Reading report]

[Reading report] : Aude Burel

This analysis is a review of Noreena Hertz's book published in 2001, The Silent Takeover. The increasingly smaller margins of politics are the main subject of this essay. Noreena Hertz's core argument is that globalisation, and the growing power of major corporations, is rendering democratic...

>>Read more

La Perte des Sens - by Ivan Illich

[Reading report]

[Reading report] : Pablo Nomanza

This reading note is an attempt to identify some of the ideas developed in the book -– while trying to depict how coherent and achieved Illich's progression is. Comments emphasise both the content of the book, that is to say Illich's radical criticism of the industrial era and the alternative he...

>>Read more

The big tipping point The social question at global scale - by J-M Severino et O. Ray

[Reading report]

[Reading report] : Marie Baranger

Jean-Michel Severino and Olivier Ray release a comprehensive analysis of the new global arrangement. Through new changemakers’ and anonymous – though representative of the new economic and social order –  stakeholders’ portraits, the authors highlight the characteristics of the...

>>Read more

With the same doctype

Reading report

Undocumented immigrants: a fatal... Migration policies and mobility control... by Camille Lacroix
Slow Food, collected thoughts on taste,... In this book, Carlo Petrini presents... by Audrey Boulkaid
Now's the time! 3 years to save The... We can not continue on our current rate... by Maëlle Bouquet
A platform of Ouistreham - by Florence... In 2009, Florence Aubenas, journalist... by Marion Coutel
Is Capitalism self-destructive? - by... This paper is not a faithful summary of... by Florent Gitiaux
Economics is a moral science, by... What does the title of this book mean?... by Elise Juguet
Immigration: Myths and Realities - by ... Many cons-truths on immigration are... by Guillaume Tellez
Human development – Struggle against... Health and education are priorities in... by Nastassja Kern
Their big fear - by François Ruffin Object of all passions for several... by François Petitjean
Total Capitalism – by Jean Peyrelevade This book presents the evolution of... by Anaïs de Fresnoye