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The Underground Wealth Of Nations: Commentary On 'The Other Path'


  • Edgar L. Feige

    (University of Wisconsin-Madison)


This paper examines the contribution of Hernando De Soto’s “The Other Path” in the context of the literature on “underground economies”. Various types of “underground economies” are described and are shown to arise from different causes and to have different consequences. The underground economies of the Western World are compared to those in Socialist countries and those most likely to be found in developing nations. Reference: The World and I, June 1989

Suggested Citation

  • Edgar L. Feige, 2005. "The Underground Wealth Of Nations: Commentary On 'The Other Path'," Macroeconomics 0502010, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0502010
    Note: Type of Document - pdf; pages: 8

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    Underground; informal; unreported; unrecorded; De Soto;

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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