National Income and the Black Economy

Research output: Journal PublicationArticlepeer-review

23 Citations (Scopus)

Abstract

Unemployment turned out to be far less influential in deciding voting patterns in the election than Labour and Alliance leaders had predicted. This may have been because the real volume of unemployment is far less than the official figure. Kent Matthews presents evidence, based on the Liverpool University economic model, that true unemployment may be as little as 1.8 million, with the other 1.4 of registered unemployed hard at work in the black economy. In the world of knowledge, the last thing to be perceived and only with great difficulty is the essetial form.

Original languageEnglish
Pages (from-to)261-267
Number of pages7
JournalEconomic Affairs
Volume3
Issue number4
DOIs
Publication statusPublished - Jul 1983
Externally publishedYes

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development
  • Aerospace Engineering

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