Appearing in The Informal Economy (1989) this article: World Underneath: The Origins, Dynamics, and Effects of the Informal Economy – has a number of insights worth consideration.

The informal economy simultaneouslyencompasses flexibility and exploitation, productivity and abuse, aggressive entrepreneurs and defenceless workers, libertarianism and greediness. And, above all, disenfranchisement of institutionalised labour.

The Informal market is a common sense notion whose social boundaries cannot be captured by a strict definition without closing the debate prematurely.

The informal economy is not a euphemism for poverty. It is a specific form of relationships of production, while poverty is an attribute linked to the process of distribution.

On the other hand, the basic distinction between formal and informal activities proper does not hinge on the character of the final product, but on the manner in which it is produced and exchanged.

The impact of the I E on productivity is contradictory. On the one hand, the productivity of labour in the IE tends to be lower because of the use of less advanced production technologies … on the other hand the productivity of capital in the IE is higher because of a dramatic reduction in overheads caused by the bureaucratic structure of large-scale organisations.