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Hernando de Soto

  • Bill Tai is a venture capitalist and a kite-surfing fanatic who combines the two whenever possible. In addition to being a partner at Charles River Ventures, he co-founded nonprofit MaiTai Global, a professional networking group that merges work, play and philanthropy.

  • The Pope’s writings and interviews show that his teachings are within the Catholic social tradition, and that he supports business creativity, job creation, economic growth, and free markets. Like his predecessors, Pope Francis says that he does not propose a political ideology, or a sort of “unruly activism” or “irresponsible populism.”   

  • Businesswire

    June 25, 2015 12:00 PM

    SAN FRANCISCO--(BUSINESS WIRE)--BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company added Dr. James Newsome, ex-Chairman of the Commodity Futures Trading Commission (CFTC) and former CEO of the New York Mercantile Exchange (NYMEX) and Hernando de Soto, the President of the Institute for Liberty and Democracy (ILD), to its advisory board.

  • Hernando de Soto at the Block Chain Summit on Necker Island, 25-28 May 2015. Photos courtesy of John Dill.

  • 30
    Realizing Property Rights
    The War of the Notary Publics
    The Other Path
    L'économie informelle comment y remedier

    The Mystery of Capital

    The Mystery of Capital: Why Capitalsims Triumphs in the West and Fails Everywhere Else is Hernando de Soto's second major book, based on the research and experience accumulated by the ILD since the publication of The Other Path. Click here for a page with the covers of the different versions and links to Chapter 1 and a condensed version of Chapter 3 in different languages.


    Realizing Property Rights

    Realizing Property Rights is a collection of a series of papers presented at an International Symposium in Switzerland in 2006 on the importance of property rights in impoverished countries. Hernando de Soto delivered this paper on the ILD's work in Tanzania.


    The War of Notary Publics

    The War of Notary Publics was published in 2007 in Peru in response to a 2006 book contracted by the Association of Notaries Public in Lima attacking the ILD's work and property rights reforms in Peru. It will help readers understand the importance of providing property rights to small property holders, women and other vulnerable human groups. Available in English and Spanish: La Guerra de los Notarios.


    The Other Path

    The Other Path is Hernando de Soto's first book, and is based on the ILD's early research in the 1980s. Clicking here will take you to a new prologue for the book written by Hernando de Soto that offers insight into the historical context of the research, writing, and publishing of The Other Path. A full version of the first chapter is also available in English, Spanish, and Thai.


    L'économie informelle: comment y remedier

    L'economie informelle: comment y remedier is a brief analysis of the economic roots of the Arab Spring as well as ILD's initial findings on the reasons behind the economic problems in Tunisia and a possible way forward. (Also available in English: The facts are in: The Arab Spring is a massive economic revolution.)

  • Hernando de Soto, the Peruvian economist and anti poverty campaigner, estimates that five billion people live without adequate records. They face serious challenges in documenting their economic activities, their assets, even their existence. 

    Until now, de Soto has depended on political persuasion to try to address this problem. But now he’s getting help from new technologies that could fast-track the creation of permanent registries and give people manifest power to execute their property rights. One of the most promising solutions arises from open-source software called the block chain that underlies digital currencies such as Bitcoin.

  • 27th July 2015/ Saul Elbein

    De Soto argued that Peru’s terrible land rights record has created an opening for the radical left: “Call me a useful idiot,” he told El Comercio, but the government has to give ground if it wants mining investment to continue. “It’s a problem of property, of who the land belongs to.”

  • Wednesday July 15, 2015  | 11:00 a.m.

    De Soto has a proposal to solve social conflicts that arise around mining projects: make communities and citizens owners of mining.


  • Domingo 05 de Julio del 2015 | 09:33 AM

    Hernando de Soto, presidente del ILD, expresa su preocupación por la polarización generada entre minería y agricultura. El sendero De Soto. El economista dice que los ex senderistas que lo buscaron le dijeron: “Ha habido Sendero, el otro Sendero y ahora queremos el nuevo Sendero”.


  • So far, Piketty’s critics have offered only technical objections to his number crunching without contesting his apocalyptic political thesis, which is clearly wrong. I know this because over the last years my teams conducted research in the field exploring countries where misery, violence and wars are rampant in the 21st century. What we discovered was that most people actually want more rather than less capital, and they want their capital to be real and not fictitious.


  • Die Welt

    Der Star-Ökonom Thomas Piketty hat die Kapitalismuskritik weltweit befeuert – aber leider mit falschen Zahlen. Ein Fachkollege rechnet ihm vor, wie Armut wirklich schwindet.

    Von Hernando de Soto   07.06.15

    Mit seinem Buch "Das Kapital im 21. Jahrhundert" hat Thomas Piketty weltweit Aufmerksamkeit erregt. Nicht, weil er darin gegen Ungleichheit zu Felde zieht – das tun viele von uns –, sondern wegen dessen zentraler These, die auf seiner Analyse des 19. und 20. Jahrhunderts beruht: Kapital produziere "automatisch willkürliche und unhaltbare Ungleichheiten", die unweigerlich Armut, Gewalt und Kriege zur Folge hätten – auch im aktuellen Jahrhundert noch.

  • In an exclusive interview with Al Jazeera, Daniel Hannan, secretary-general of the Alliance of European Conservatives and Reformists (AECR), stressed the aim of organising a summit of centre-right-wing parties in Tunisia was not an attempt to impose Western norms on Muslim-majority countries.

    Hannan said the aim of the event was, on the contrary, an attempt to stress shared principles on both sides of the Mediterranean through strengthening mainstream free-market and conservative parties in emerging democracies in North Africa and the Middle East.

  • Brave New CoinPosted by B Holmes on 19 June 2015

    In 2000, revered Peruvian economist Hernando De Soto published The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, a study on the relationship between poverty and property rights. In the book De Soto claims approximately $9 trillion is tied up in land, homes and businesses belonging to people who do not have deeds or titles.

    Peter Kirby, CEO and founder of Factom, draws inspiration from De Soto and endeavours to make an impact in the land title arena. “Land Title corruption is a very common problem in the developing world and a immutable ledger solution could help these economies move forward dramatically.”

    According to the USAid and Tenure website approximately 80% of privately held land in Honduras is untitled or improperly titled. “Only 14% of Hondurans legally occupy properties and, of the properties held legally, only 30% are registered.”  The ongoing land title disputes in Honduras have lead to violence, environmental abuse, and the displacement of indigenous people.

  • Photos of ILD President Hernando de Soto meeting with thousands of informal miners, entrepreneurs, and farmers, as well as indigenous leaders and members of former militias in Lima's Gamarra market on May 7th, 2015

  • Es hora de considerar que la fuerza de nuestros oponentes deriva, al menos hasta cierto punto, de sentimientos similares a los que animaron la Guerra de Independencia de los Estados Unidos y la Revolución Francesa: de frustración y exclusión respecto del sistema predominante. 

  • by Isobel Coleman

    April 24, 2012 -Yesterday I hosted the Peruvian economist Hernando de Soto for a meeting at CFR. De Soto and his Lima-based think tank, the Institute for Liberty and Democracy (ILD), are well-known for their advocacy of secure property rights as an essential gateway to equitable growth and poverty reduction. Yesterday’s conversation focused on the Middle East—specifically what de Soto sees as the economic roots of the uprisings that have swept the Arab world. You can watch the meeting video below, or access it on CFR’s YouTube channel.

  • Hernando de Soto was one of the main speakers at the first CGI meeting held in Latin America, at Copacabana Palace Hotel in Rio de Janeiro, Brazil, on December 9, 2013.

    He participated in the Opening Plenary Session, "Designing Opportunities for Growth", explaining how from 1990 to 2012 Peru has grown on average twice as fast as all the other Latin countries and the growth rate of its middle class has quadrupled that of Latin America in the same period. To a great extent, this is due to a legal reform designed by the ILD to provide the poor with property rights and easier access to legal tools (such as corporations, contracts, and dispute resolution mechanisms) to do business.

  •   Un encuentro histórico sostuvo el economista peruano Hernando de Soto con el Dalai Lama, Tenzin Gyatso, en el pueblo de Dharamsala, en la India. El líder espiritual del Tibet, lo invitó a su residencia en el exilio, junto a un exclusivo grupo de intelectuales de relevancia internacional.

  • People's homes are most often their biggest asset -- something that can be borrowed against to start a business or secure a safe retirement. In the developing world, property titles take on even more meaning. Peruvian economist Hernando de Soto, for example, has identified trillions of dollars of "dead capital" in the developing world: people living in the world's poorest slums own their homes, but without formal titles they can't easily sell, appraise, insure or borrow against those assets.

  • Hernando de Soto and ILD with miners in Nazca, Peru on November 21, 2014.

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