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even if you more or less agree with him
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you will find many things to argue with him about
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and that will be an important book in the course.
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The Mystery of Capital
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by Hernando DeSoto is an argument about
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why the less developed countries in the world are less developed,
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and the gist of it is that
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formal and enforceable property rights are
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a precondition to capital development.
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It's a very powerful piece of work.
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Richard Posner, The Failure of Capitalism,
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Posner--anybody know who Posner is?