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The Other Path: The Economic Answer to Terrorism

Hernando De Soto




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 | #175244 in Books |  De Soto, Hernando |  2002-09-05 |  2002-09-03 | Original language:English | PDF # 1 |  8.00 x1.00 x5.38l,.72 | File type: PDF | 352 pages

||2 of 2 people found the following review helpful.| Free Markets for Everyone -- a Viewpoint from a brilliant Peruvian Economist|By Matthew Rafat|De Soto advocates free markets, taking care to differentiate free markets from mercantilism: "Mercantilism can be defined as the supply and demand for monopoly rights by means of laws, regulations, subsidies, taxes, and licenses. The fallout of these privileges creates a wall of legal

In this, his classic book on the informal economy of Peru and the reasons why poverty can be a breeding ground for terrorists, Hernando De Soto describes the forces that keep people dependent on underground economies: the bureaucratic barriers to legal property ownership and the lack of legal structures that recognize and encourage ownership of assets. It is exactly these forces, de Soto argues, that prevent houses, land, and machines from functioning as capital doe...

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