Mohammed Yunus and de Soto

A couple of weeks ago, I wrote a column that borrowed a bit from Hernando de Soto. Today, I read this from Peter Schaefer at the Foreign Policy website. The concluding paragraph:

Yunus and de Soto offer us real insights into how the poor can, finally, work themselves out of poverty: Yunus shows they need credit and de Soto shows they need to join the formal economy. But we must build on their ideas and combine them in order to develop a more viable way to realize their inherent promise. If the world’s poor can gain access to private capital via their formal titles, then we will have a real solution to a $9 trillion problem.

HT to William Easterly