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  • The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto

    The Global Award for Entrepreneurship Research is the most prominent international award in entrepreneurship research with a price sum of EUR 100,000. De Soto’s analyses have had tremendous influence on policy throughout the world and were a main source of inspiration for the World Bank’s Doing Business program. Read More
  • 2017 Award Winner

    Hernando de Soto Peru  Institute for Liberty and Democracy For developing a new understanding of the institutions that underpin the informal economy as well as the role of property rights and entrepreneurship in converting the informal economy into the formal sector.   Read More
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Hernando de Soto, of the Instituto Libertad y Democracia, in Peru, whose offices were bombed twice, and the late Ljubo Sirc (1920-2016), working with the resistance in most Soviet satellites, are prime examples. De Soto has been particularly active in showing how market incentives, implemented from the bottom up, but facilitated by regulatory simplification, helped win the war against terrorists in Peru. He recommends similar policies in Colombia and the Middle East.

The United States has now a president-elect who, like Fisher, became a successful entrepreneur, and who has not neglected respect for those who work to secure the free society. His nominations in national security are proof enough. They are all outstanding, but I will focus on Lieutenant General (Ret) Michael Flynn who, by the nature of his job, will spend more time at Trump’s side.

In the book he co-wrote with Michael Ledeen he described his views and a strategy for how to win wars in this new “field of fight.” Flynn starts by telling us about himself and he does not paint a flattering picture of his youth days. He understands imperfection, but he calls for overcoming weaknesses. One gets a clear image that he is a fighter and that he is not afraid of taking relevant decisions, even if it can cost him his career. In his previous job as Director of the Defense Intelligence Agency (DIA), he shared with the relevant authorities something that the Obama administration did not want to hear. The fight against violent, radical Islam was not going well. Flynn and Ledeen argue that “the fundamental requirement for good intelligence was and is, total commitment to truth.” Flynn adds: “I detest those who distort the truth in order to make their superiors happy.” Political advisors seldom abide by these rules.

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Read the complete article at Forbes

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