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

2009-10-16

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]
http://appli6.hec.fr/amo/Articles/Entry/Item/98.sls

In the same section

Wall Street from Oliver Stone (1987): a fable about contemporary world

[Article]

[Article] : Mathilde Denoits

This article tries to address some of the ethical issues raised by the topic of the film, namely the practice of finance in Wall street when the enthusiasm of stock-exchange euphoria increases: the issue of insider trading, the issue of the social responsibility of the financiers, the issue of a...

>>Read more

The work : value endangered - by Dominique Méda

[Reading report]

[Reading report] : Jean-Michel Courtay

Today it is generally accepted that men need work for it is one of the key elements to create social cohesion. In his book, Dominique Méda intends to find out exactly when and how work has started to be glorified and considered as the origin of social cohesion. To that end, the author brings out...

>>Read more

The evolution of the Chinese banking system since the reform and the opening

[Research paper]

[Research paper] : Jie Zhu

The Chinese banking market is one of the most attractive markets for investors and bankers in the West. Since the reform and opening up of China in 1978, the banking system is well built and ready to adapt to the global banking system. In 2001, China entered the World Trade Organization; since...

>>Read more

Farewell Growth, A Good Life in a World of Solidarity

[Reading report]

[Reading report] : François-Xavier Faucounau

Is it possible to live in an economic world without growth? Jean Gadrey enthusiastically answers “yes!” to this question. He believes there is no choice but to rethink the economic goals of our society. Even if the author gives a good criticism of the use of economic growth in political...

>>Read more

The History of Development – From Western Origins to Global Faith - by Gilbert Rist

[Reading report]

[Reading report] : Camille Deniau

For decades, development has been used as a political tool, to justify economic and social policies. It made people believe in global well-being and in the elimination of poverty. Why then is development today at the centre of a passionate debate, if it has failed so greatly? It is definitely...

>>Read more

With the same doctype

Reading report

The people of the abyss - by Jack London 1902, London, one adult out of four... by Marc Soryano
Prosperity Without Growth - by Tim... Tim Jackson’s book, praised by the... by Csilla Narai
The work : value endangered - by... Today it is generally accepted that men... by Jean-Michel Courtay
The Gift - by Marcel Mauss In this essay, Marcel Mauss synthesizes... by Marine Bikard
End of the West, birth of the World -... Coming back to the origins of mankind,... by Matthieu Dardaillon
Organic agriculture, from doing... The study of the book Organic... by Marine d'Allancé
Is Capitalism self-destructive? - by... This paper is not a faithful summary of... by Florent Gitiaux
Slow Food, collected thoughts on taste,... In this book, Carlo Petrini presents... by Audrey Boulkaid
The Crisis, by Michel Aglietta The global financial crisis had an on... by Adeline Wattiau
The French ghetto - by Eric Maurin Contrary to popular belief, French... by Nathalie Rusé