Hiding in the Shadows: The Growth of the Underground Economy

Front Cover
International Monetary Fund, 2002 - Business & Economics - 16 pages
"A factory worker has a second job driving an unlicensed taxi at night; a plumber fixes a broken water pipe for a client, gets paid in cash but doesn't declare his earnings to the tax collector; a drug dealer brokers a sale with a prospective customer on a street corner. These are all examples of the underground or shadow economy - activities, both legal and illegal, that add up to trillions of dollars a year that take place "off the books," out of the gaze of taxmen and government statisticians. Although crime and shadow economic activities have long been a fact of life - and are now increasing around the world - almost all societies try to control their growth, because of the potentially serious consequences."--Preface.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

About the author (2002)

Friedrich Schneider is Professor of Economics of the Johannes Kepler University of Linz, Austria. He was the European editor of Public Choice from 1991 to 2004 and he has published extensively in leading economic journals including The Quarterly Journal of Economics, The American Economic Review, The Economic Journal and Kyklos.

Bibliographic information