Introduction
This could be classified among the most important writings on economics in any given century. The author, Desoto notes in this book that close to over a decade since the fall of Marxism, the capitalist revolution that was expected never occurred. However, despite the existence of capitalism in the developed nations; it has little progress to report in the former communist states and the third world countries. He notes that the problem lies with the improper definition of property rights – the citizens of the underdeveloped nations have property, which they own informally – these people cannot use these properties to gain ...