The Mystery of Capital

Just finished reading The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else.

A really really good book. It describes the developing world's economic problems.
The greatest source of failure n the Third World and ex-communist countries is the lack of a rule of law that upholds private property and provides a framework for enterprices. This makes it impossible to turn assets from "dead" into "liquid" capital.

More info

February 18, 2003 11:12 PM | Posted in Interesting


Back Next


Post a comment

Remember Me?

Please enter the security code you see here

You're here: Home - The Mystery of Capital
Get the Mozilla Firefox browser