RECOUNT THE WEALTHY NATIONS


Hernando De Soto cannot be compared with Karl Marx or with a revolutionary banker like Muhammad Yunus, inventor of Grameen formula for microcredit. Neither has Nobel laureate Amartya Sen a similar profile. However these four heroes attend the same academy of unorthodox economics.

 

In The Mistery of Capital our Peruvian countereconomist states that “poor people” everywhere hold extraordinary copious assets. Trillions of dollars, enough to balance the leading stock markets all over the planet. They just have to break old legal barriers granting privileges to a tiny club of affluent formal capitalists. Both economic capital and property law reflect a customary adjudication involving the concept of “value”, trust, social expectations, paradoxical beliefs.

 

Check the changing rules of a multiethnic capitalism:

 

 Institute of Liberty and Democracy