Peruvian economist concluded about twenty-five years ago, while walking through the idyllic rice fields of Bali, Indonesia. As he passed one farm, a dog would bark at his approach. Then, quite suddenly, the first dog would stop and a new hound would begin to yap away. The boundary between one farm and the next was invisible to him – but the dogs knew exactly where it was. The economist’s name is Hernando de Soto.
