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Hernando de Soto

Review Essay
Jan/Feb
2001
The Spirit of Capitalism
Robert J. Samuelson

The economist Hernando de Soto argues in his new book that property rights are an essential ingredient for economic development. But this single-bullet theory would do better by noting the complex cultural factors that also affect growth.
Capsule Review
Spring
1989
The Other Path: The Invisible Revolution In The Third World
Abraham F. Lowenthal
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In the Magazine

November/December 2009 / 6, 88
Essay
The Dollar and the Deficits
C. Fred Bergsten

The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as of the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar.
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