Off The Book Shed Light On The Underground Economy Summary

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A Tale of Two Cities
Chicago
Sudhir Alladi Venkatesh, author of Off the Books shed light on the “underground economy”, a survival system that still puzzles the greater public today. Through an extensive ethnography of Maquis Park, a poor black neighborhood on Chicago’s southside, Venkatesh offers some interesting second thoughts about the underground economy, that will transform people’s misconception about it.
The underground economy can be defined as the licit and illicit activities that are unrecorded and untaxed by the government (9). The underground economy can be defined from an emic perspective as an inevitable response to the city’s neglect of the “ghetto”. Activities that are considered licit for example, is a woman who runs a hair salon in her basement and does not have a license. Activities that are consider is illicit is the selling of unlawful items such as marijuana.
A finding that Venkatesh found was that everyone in Maquis Park participated in the underground economy to some extent, partially because the “formal” economy alone cannot pay for their livelihood (23). This finding can be supported through the livelihood of the young black men who's been incarcerated for the possession of crack; a substance that unfairly …show more content…

His finding clarifies common misperceptions of what it means to be poor, unemployed, and unable to contribute to society. Homeless people, he points out, often serve as police informants, an inexpensive security force, or regulators of the underground economy (112). Another finding from this ethnography was that the urban poor were entrepreneurs “operating in different public sphere, exempt from the yellow pages listings and business cards: they can be found in homes, on designated alleyways and street corners” (93). The awareness of the underground economy in the urban areas dismantles stereotypes of the urban

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