The best-selling author of Gang Leader for a Day takes his next sociological study to Manhattan, where he travels through the underground economy utilized by prostitutes, madams, drug dealers, immigrants, hedge fund traders, hipster artists and nannies.

This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.

Argues that macroeconomic management of the economy leads nations into decline

Robbery, larceny, blackmail, fraud, and other crimes with economic motives are likely to be as old as mankind, and the evasion of taxes and economic regulations can be assumed to begin with the introduction of taxes and economic regulations. Thus the shadow economy is certain ly not a new phenomenon. However, economists did not pay much attention to it until quite recently. P. GUTMANN in his pioneering article "The Subterranean Economy" (Financial Analysts Journal, Nov/Dec 1977, p. 24- 27) was first to point out that unreported economic activity cannot (or, at least, can no longer) be considered as a "quantite negligeable". Challenged by GUTMANN's hypothesis many economists have then tried to assess the quantitative and qualitative importance of the shadow economy (commonly also known as the underground, or subterranean, or black, or unreported economy, and by other names). There seems to be wide agreement nowadays that the shadow economy has not only reached a substantial portion of total economic activity in both Eastern and Western countries but that it is also growing at rates which can no longer be experienced in the official sector. The existence of a considerable volume of unreported economic activities implies that important macroeconomic variables are biased in the official statistics. The rate of unemployment, for example, may be over-estimated while production figures, on the other hand, tend to be underrated. The government could thus be mislead and choose inadequate policies.

The Cross and Reaganomics: Conservative Christians Defending Ronald Reagan, by Eric R. Crouse, offers important insights on why Reaganomics was a major reason conservative Christians supported Reagan at the polls. On election night in November 1980, Americans witnessed the victory of a conservative to the presidency. With the United States experiencing economic stagnation and high inflation, many were hopeful of Ronald Reagan’s deeds matching his optimistic rhetoric of America’s potential. What followed was a decade of economic transformation, military buildup, and a political awakening of conservatism. One story that has not received much attention is the relationship between conservative Christians and Ronald Reagan’s economic policies. Crouse argues that conservative Christians were among the strongest champions of limited government, free enterprise (particularly small business), and anticommunism. A surprising number of conservative Christian leaders discussed the works of major free market economists. Conservative Christians embraced and tapped into the traditional American values of individual opportunity, personal responsibility, and human freedom—all themes they believed were front and center in Reaganomics. Although American pluralism prevented any plan to Christianize the nation by politics, in the sphere of economics conservative Christians did witness political and cultural gains.

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.