LECTURE - Capital & Poverty, Part 1 - Hernando de Soto, "The Mystery of Capital"


This lecture focuses on Hernando de Soto’s claim that a major contributor to poverty in the developing world is not so much a lack of property itself as a lack of the legal means to represent property as financial assets that can be used to create capital, the wealth that people use to create more wealth.
Part 1 - Professor Russell explores the important distinction de Soto draws between things owned and representing things owned as financial assets.