CREDIT: <a href=/ru_RU/publications/archive/morgenthau/"http://commons.wikimedia.org/wiki/File:Hernando_de_Soto_Polar_bw_hi_res.jpg">Flavia Gandolfi</a>
CREDIT: Flavia Gandolfi

Morgenthau Lecture: The Mystery of Capital

May 8, 2002

Peruvian economist Hernando de Soto's simple but revolutionary concept of the importance of property rights and rule of law is transforming developing countries around the world. He shows that by creating clear, enforceable, universally recognized property laws, they stand to realize $10 trillion in "dead capital."

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