Introduction -- Normative versus positive analysis in the history of the theory of production -- The division of labour and the theory of the firm -- Proto-neoclassicals and the theory of production -- Appendix: a very brief history of perfect competition -- The representative firm -- The...

Recent studies of shadow economies focus primarily on cross-country comparisons. Few have examined regional or state-level variations in underground economic activity. This paper presents estimates of the shadow economy for 50 US states over the period 1997–2008. Results suggest that tax and...

Purpose – Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official corruption, the purpose of this paper is to examine whether formal sector productive (unproductive) entrepreneurial activity is associated with lower (higher) levels of...