- Explore more great deals on thousands of titles in our Deals in Books store.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your email address or mobile phone number.
The Other Path Paperback – Bargain Price, September 5, 2002
|New from||Used from|
Top 20 lists in Books
View the top 20 best sellers of all time, the most reviewed books of all time and some of our editors' favorite picks. Learn more
Customers Who Bought This Item Also Bought
Special Offers and Product Promotions
From the Publisher
More About the Author
Top Customer Reviews
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 In fact, "The Other Path" will look out-of-date with its yellowing statistics.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.
The first part of the book is a detailed analysis of three sectors of the Peruvian economy: housing, transport, and trade (small manufacturing and retail primarily). In each of these, De Soto demonstrates how the barriers raised by regulation and legal process from both right and left wing governments in Peru have forced the majority of persons participating to do so in informal/illegal ways. The result is that formal activity bears the brunt of taxation and informals have little protection in terms of property rights, contractual instruments, and so on. The net result is that everyone is impoverished. This section of the book can be tough reading because of the amount of detail, but its necessary in order to understand the importance of the second half.
The second half suggests that the Peruvian situation is really the reemergence of mercantilism, not a market economy. De Soto then provides some suggestions to peacefully transitiont to a market economy, and convincing warnings that failure to do so will almost certainly result in a violent transition.
The points that De Soto makes are increasingly significant to non-Peruvians as societies like America have increasingly centralised economies. Ironically, the cover includes blurbs from both Presidents Bush and Clinton. One suspects that netiher of them actually read the book.
Most Recent Customer Reviews
Great book, although is centered on Peru the message applies to most (if not all) Latin American countriesPublished 3 months ago by Allan Ramirez
the classic that brought the breakthrough in terms of breaking the power of corrupt mercantilism in two thirds world countries by creating the environment for land tenure and... Read morePublished 7 months ago by Viv Grigg
Important study of Peru and what happens (or does not happen) when there is excessive regulation. In Peru's case, excessive regulation led to the strangulation of the economy and... Read morePublished 9 months ago by Glenn D. Robinson
De Soto advocates free markets, taking care to differentiate free markets from mercantilism: "Mercantilism can be defined as the supply and demand for monopoly rights by means... Read morePublished 13 months ago by Matthew Rafat
I travel to Peru every summer as a missionary. In order to understand the complex politics and their effect on the indigenous peoples of Peru, this book was a great help. Read morePublished 19 months ago by Amazon Customer
I bought this as a gift. The recipient highly recommends it. He says that it is informative, and makes a lot of sense. Read morePublished on May 18, 2012 by Isabelle Jolly