The Mystery of Capital presents a clear argument: secure, legally recognized property systems are the engine that turns assets into functioning capital. Peruvian economist Hernando de Soto traces how formal legal structures enable people to leverage possessions, create credit, and participate in market economies.

Using historical comparisons and case studies from developing nations, the book examines the gap between informal ownership and legal title. It explains practical obstacles—bureaucratic, legal, and institutional—that prevent many assets from being converted into productive capital, and offers a policy-focused perspective on economic inclusion.

Readers interested in economic development, public policy, or institutional reform will find a framework for understanding why some markets thrive while others stall.

Key takeaways

• The relationship between property systems and wealth creation
• How legal recognition of assets enables credit and investment
• Policy levers for expanding economic participation

We ship at a flat rate of $9.99 per order. Orders $45 and up ship free of charge.