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'''Hernando de Soto''' (born 1941) is a [[Peruvian]] [[economist]] notable for his achievements in freeing the Peruvian economy from government controls and red tape in the 1980s and 1990s. De Soto spent much of his early life in [[Europe]]: when he was seven his family was exiled to Switzerland following a military coup, and he did not return to Peru until he was 38. In Peru he founded the Institute for Liberty and Democracy and became an adviser to President [[Alberto Fujimori]]. Among the achievements of the ILD were land reforms, giving millions of peasants ownership of the land they worked, and a strong assault on unneccesary bureaucracy and government control. These reforms, by extending the benefits of free enterprise to poor farmers and others, are credited with helping to defeat the [[Maoist]] [[Shining Path]] insurgency led by [[Abimael Guzman]]. Indeed, Shining Path terrorists attempted to assassinate de Soto.

'''Hernando de Soto''' (born 1941) is a [[Peruvian]] [[economist]] notable for his achievements in freeing the Peruvian economy from government controls and red tape in the 1980s and 1990s. De Soto spent much of his early life in [[Europe]]: when he was seven his family was exiled to Switzerland following a military coup, and he did not return to Peru until he was 38. In Peru he founded the Institute for Liberty and Democracy and became an adviser to President [[Alberto Fujimori]]. Among the achievements of the ILD were land reforms, giving millions of peasants ownership of the land they worked, and a strong assault on unnecessary bureaucracy and government control. These reforms, by extending the benefits of free enterprise to poor farmers and others, are credited with helping to defeat the [[Maoist]] [[Shining Path]] insurgency led by [[Abimael Guzman]]. Indeed, Shining Path terrorists attempted to assassinate de Soto.

For his achievements, de Soto was in 2004 awarded the [[Milton Friedman]] Prize for Advancing Freedom by the [[CATO Institute]].

For his achievements, de Soto was in 2004 awarded the [[Milton Friedman]] Prize for Advancing Freedom by the [[CATO Institute]].