The Other Path: The Economic Answer to Terrorism

by Hernando de Soto

Book Overview

The #1 bestseller in Latin America for the past year, this book describes underdeveloped countries of the Third World and how their internal economies and political alliances function. Photographs. This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0465016103
• Release Date: September 2002
• Publisher: Basic Books
• Length: 352 Pages
• Weight: 0.87 lbs.
• Dimensions: 8.0" x 1.0" x 5.4"

Customer Reviews

Where de Soto started - a brave statement

I love the little jibe provided within the title of Hernando de Soto's "The Other Path." It's a poke at "The Shining Path" (Sendero Luminoso), the Maoist Peruvian terrorist organization that wreaked havoc on de Soto's homeland beginning in 1980. de Soto's attempt in this book is to show that the more effective struggle is to make capitalism more efficient. To those who know de Soto's work, the solutions are well known: build a system of laws that allow one's residents to buy, sell and value property rights; and reduce the complexities and banalities of starting a business. If you've read de Soto's master work "The Mystery of Capitalism," then there is no new news here. In fact, "The Other Path" will look out-of-date with its yellowing statistics. So why the five stars? As a testament to de Soto's bravery. Think about the guts it took for him to research and publish this book in Peru during the tumultuous and frightening period there. What a statement.

Superb development tool

De Soto does a great job of outlining some of the consequences of excessive regulation and lack of a strong rule of law. In three distict industries (transportation, housing and commerce) De Soto shows how productivity and wealth generation are hampered by poor laws and law enforcement. This book is essential for anyone interested in the microeconomics of development.

Economics and the Rule of Law

This book should be "required reading" for anyone curious about the impact of law and property rights on economic growth. While De Soto describes in detail the damaging effects of Lima's Spanish Mechantile property/legal system, he also demonstates that human initiative can florish through black market economics to such a degree that the city is "saved" (and even encourages) so-called illegal activity. A classic economic story, and great fun to read.