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Hernando de Soto

Institute for Liberty and Democracy

Hernando de Soto

Hernando de Soto is a Peruvian economist known for his work on the informal economy. He is founder and president of the Institute for Liberty and Democracy (ILD), headquartered in Lima, Peru. He has authored two works on economic development: The Other Path and The Mystery of Capital

Last Updated: July 5, 2017

  • The Mystery of Capital: Why Capitalism Succeeds in the West and Fails Everywhere Else (2000)
  • The Other Path (1989)