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

    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

    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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QFinance"...Finance existed to support production, to back real recorded assets. Adam Smith wrote that finance was the wheel that brings in resources from the savers to the producing people who need it.

Then, along came derivatives, together with the opaqueness they encourage, and this well-tested public memory system was allowed to be turned on its head. Partly, thanks to finance-industry-friendly legislation, such as the Commodity Futures Deregulation Act in 1999, a situation arose where derivative contracts no longer had to be recorded, tracked, or even tied to the assets that represented..."

 

Read the complete article at QFinance or read it in PDF format

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