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National Income and the Black Economy
Author(s) -
MATTHEWS KENT
Publication year - 1983
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1983.tb01521.x
Subject(s) - unemployment , alliance , voting , economics , work (physics) , labour economics , economy , political science , economic growth , law , engineering , politics , mechanical engineering
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.