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The Other Path: The Economic Answer to Terrorism by Hernando de Soto Published by Basic Books, New York, New York, 2002, 273 pages $15.00, paperback
Why read this book? After all, it is not an appraisal how-to book, nor does it really have anything to do with appraisal tools or valuation theory. This book is of general interest, however, to appraisers who view themselves as land economists with a responsibility to understand the big picture and overall intermediate and long-term trends. In other words, The Other Path: The Economic Answer to Terrorism would be an appropriate part of the general knowledge library of most practicing appraisers and analysts.
Hernando de Soto is a modern-day economist from Peru whose works are well known and widely read. For example, another popular book that he authored, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, has gained widespread attention.
Many think de Soto is doing some of the most important general economic analysis work in the world today in terms...