The Mystery of Capital and the Construction of Social Reality
Smartfox Books Code: PR3554
Approx $92.59 USD
"The Mystery of Capital and the Construction of Social Reality" is a thought-provoking exploration of the interplay between economic systems and social structures, merging the insights of two influential thinkers: Hernando de Soto and John Searle. This work delves into the foundational elements of capitalism and the social constructs that underpin it, providing a comprehensive analysis of how property rights, legal systems, and institutional frameworks contribute to economic development and the creation of wealth.
Hernando de Soto's "The Mystery of Capital" addresses the crucial role that property rights and formalized legal systems play in the creation of capital, arguing that the lack of clear and accessible property rights in many developing nations is a key barrier to economic growth. By bringing assets into the formal economy, de Soto suggests that these countries can unlock the potential for wealth generation and social mobility.
John Searle's "The Construction of Social Reality," on the other hand, explores the concept of social ontology—the idea that social realities are constructed through collective human agreements and institutional structures. Searle's analysis helps to explain how economic systems, such as capitalism, are not merely economic phenomena but are deeply embedded in social and institutional contexts.
Together, these works offer a rich interdisciplinary perspective on the ways in which economic realities are constructed and maintained through social and legal institutions. This book is essential for students, scholars, and anyone interested in the intersections of economics, philosophy, and social theory.
Key Features:
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Interdisciplinary Approach: The book combines economic theory with social ontology, offering a comprehensive view of how
capitalism is intertwined with social and institutional structures.
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Hernando de Soto's Economic Insights: Explore de Soto’s analysis of how property rights and formal legal systems are
crucial for capital formation and economic development, particularly in developing nations.
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John Searle's Social Ontology: Delve into Searle’s theory of social reality, which explains how collective agreements and
institutional frameworks create and sustain social and economic systems.
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Capitalism and Social Structures: The book examines the relationship between capitalism and the social constructs that
underpin it, providing insights into how economic systems are shaped by cultural and institutional factors.
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Property Rights and Economic Growth: Understand the critical role that property rights play in enabling economic growth and
capital formation, as argued by Hernando de Soto.
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Philosophical Analysis: The book offers a deep philosophical exploration of social reality, using Searle’s theories to
explain the foundations of economic systems.
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Economic Development: Learn how formalizing property rights and legal systems can lead to economic development and social
mobility, particularly in developing countries.
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Institutional Economics: The book provides a valuable perspective on institutional economics, highlighting the importance
of social and legal institutions in the functioning of economies.
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For Students and Scholars: Ideal for those studying economics, philosophy, social theory, or development studies, offering a
thorough understanding of the construction of social and economic realities.
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Relevant to Modern Issues: The insights from this book are relevant to contemporary discussions on economic development,
globalization, and the challenges faced by developing nations in integrating into the global economy.
"The Mystery of Capital and the Construction of Social Reality" offers a unique and interdisciplinary perspective on the foundations of capitalism and the social realities that support it. Whether you are a student of economics, philosophy, or social theory, this book provides valuable insights into how our economic systems are built and sustained through social and institutional frameworks.
Description:John Searle’s The Construction of Social Reality and Hernando de Soto’s The Mystery of Capital shifted the focus of current thought on capital and economic development to the cultural and conceptual ideas that underpin market economies and that are taken for granted in developed nations. This collection of essays assembles 21 philosophers, economists, and political scientists to help readers understand these exciting new theories.