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In my view, the most important book is missing from that list: De Soto, Hernando. The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywh
by febeling 4y ago
In my view, the most important book is missing from that list:
De Soto, Hernando. The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Basic Books, 2000.
It shows by experiment and historical analysis, that there's a clear pattern to explain the gap: the legal institution of property being accessible and affordable to everyone, not just the privileged or rich. And if that's introduced, things can change around quickly.