This is the first full economic survey of informal activity - defined as all production and distribution which is generally excluded from national income accounts. Jim Thomas classifies informal economic activity into four sectors. First, the household sector covers unpaid household work. Secondly, the informal sector is where goods are traded but do not enter national income accounts (particularly important in developing countries). Thirdly, the irregular sector represents illegal activities related to legally produced and distributed goods and services (eg. tax evasion, social security fraud). Finally, the criminal sector "produces" goods and services that are illegal - theft, extortion, drug trafficking, prostitution etc. The book draws on the literature from disciplines such as sociology and social anthropology. Covering the spectrum from the analysis of unpaid housework to the billion dollar drugs trade, this timely treatment of increasingly promiment economic issues should be of interest to a wide readership.
- ISBN10 0472104209
- ISBN13 9780472104208
- Publish Date 19 February 2018 (first published August 1992)
- Publish Status Out of Print
- Out of Print 2 December 2011
- Publish Country US
- Imprint The University of Michigan Press
- Format Hardcover
- Pages 384
- Language English