The Organization of Illegal Markets - An Economic Analysis (Paperback)

This section contains a collection of books on the underground economy and related subject matter. The books range from scholarly treatises to the nuts-and-bolts of moonlighting, bartering, evading price controls and rationing, smuggling, and dodging regulations and taxes which hamstring the "mainstream" economy. The underground economy is the free market. May your taxes be low, and all your trades be profitable...

It is widely believed that monopoly control, based on violence, corruption or risk-spreading, is characteristic of the black market in illegal goods and services, such as marijuana and book-making. This book refutes that notion, and shows that illegal enterprises are likely to be smaller than their illegal counterparts. Corruption is likely to affect the organization of the market only under special circumstances, where there is a single agency which monopolizes enforcement. A fascinating and iconoclastic look at the black market -- which reveals more competition than generally exists in legal markets.