Economics of the Black Market
Cover -- Half Title -- Title -- Copyright -- Dedication -- Contents -- List of Tables -- List of Figures -- Preface -- Acknowledgments -- 1 AN INTRODUCTION TO THE CONCEPT -- The price spiral -- The economic laws -- Pigovian simplification -- A definition -- A theory -- Chamberlin -- Concrete cases -- Objectives -- 2 ECONOMICS OF PROFITEERING -- Supply flows -- Demand curve -- Profiteering -- Assumptions invalid -- Profit optimisation -- An investigation -- Estimate of profiteering -- 3 THE PARALLEL ECONOMY -- Kaldor's estimate -- First approximation -- Committee of experts -- A wider concept -- White money factor -- A parallel economy -- Multiple repercussions -- 4 MANY FACES OF THE BLACK MARKET -- A pyramid -- Cornering and hoarding -- Dark godowns -- Adulteration -- Anti-adulteration law -- Black market in scarcity -- Unlawful speculation -- Smuggling -- Tax evasion -- Financial structure -- Group sense -- 5 THE LABYRINTH OF SMUGGLING -- Economic offences -- An evil influence -- Extent of smuggling -- Objectives -- Modes and forms -- Gold racket -- Recent exposures -- Inter-state leakages -- Bootlegging -- The umbrella -- Brief offensive -- The law -- Remedial strategy -- 6 PRICE BEHAVIOUR SINCE INDEPENDENCE -- Structural imbalance -- The background -- Plan objectives -- An undercurrent -- The continuing stagnation -- Delinking inherent forces -- General price level -- Wholesale prices -- Prices of industrial output -- Factors relating to demand -- Sectional prices -- The invisible shadow -- Investment -- Conclusion -- 7 PRICES, INFLATION, AND MONEY SUPPLY -- A world-wide phenomenon -- Indexing -- Inflationary pressure -- Money supply -- A few imponderables -- 8 FRAUD, MISFEASANCE, AND JURISPRUDENCE -- The norms -- Many facets -- An antidote -- Investigation -- Royal Mail case -- A watchdog or not -- Misfeasance and the court -- Anti-fraud law.
