Taking the long view: Property rights are key to fair inclusion

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

By John Paul Rathbone

14 September 2011 - Two graceful alpacas are grazing in front of Hernando de Soto’s home, but there is no sign of his pet dogs, Marx and Engels, so named because “they are German, hairy and have no respect for property”.

The Peruvian economist first came to fame with his 1987 bestseller The Other Path. Now, he is everywhere. So far, some 30 governments – from Afghanistan to Mexico and Russia – have sought his advice on how to harness his brand of popular capitalism.

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