Invisible, Outlawed, and Untaxed: America's Underground Economy

By Harry I. Greenfield

This work examines America's growing underground economy--its size, nature, and economic effects. The study begins with a critical analysis of the various methods used for measuring the size of the underground economy in the United States. It then develops a definition of the underground economy which is consistent with our system of national accounts. A sector-by-sector approach is used to measure the actual size of this sub-economy and to estimate the labor force involved. Finally, the author explores the economic consequences for the general economy of significant underground economic activity--for example: tax evasion, economic efficiency, and cyclical aspects.

This work will be of interest to scholars, students, and policy-makers in economics, economic policy, political science, and criminology.

• Format: Hardcover
• Language: English
• ISBN: 0275945073
• ISBN13: 9780275945077
• Release Date: April 1993
• Publisher: Praeger
• Length: 152 Pages
• Weight: 0.72 lbs.
• Dimensions: 0.4" x 5.5" x 8.5"