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

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.Greenfield, Harry I. is the author of 'Invisible, Outlawed, and Untaxed: America's Underground Economy', published 1993 under ISBN 9780275945077 and ISBN 0275945073.