- Downloads:
- The Underground Economy_3.pdf
There is a bustling and shadowy world where jobs, services, and business transactions are conducted by word of mouth and paid for in cash to avoid scrutiny by government officials. It is called the “underground economy,” which is as old as government itself. It springs from human nature that makes man choose between given alternatives. Facing the agents of government and their exactions, man will weigh the alternatives and may choose to go “underground.”
![The Underground Economy by Hans F. Sennholz](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/The%20Underground%20Economy_Sennholz.jpg.webp?itok=ukWBhZcU 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/The%20Underground%20Economy_Sennholz.jpg.webp?itok=mK-71Zi8 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/The%20Underground%20Economy_Sennholz.jpg.webp?itok=FUZkiqoj 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/The%20Underground%20Economy_Sennholz.jpg.webp?itok=w92-KRVH 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/The%20Underground%20Economy_Sennholz.jpg.webp?itok=LX9ngRke 1530w)
![Hans Sennholz](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/Hans%20Sennholz.jpg.webp?itok=vPFDhQNy 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/Hans%20Sennholz.jpg.webp?itok=RDNqacmO 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/Hans%20Sennholz.jpg.webp?itok=ND0kPuqL 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/Hans%20Sennholz.jpg.webp?itok=hBzsRJxE 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/Hans%20Sennholz.jpg.webp?itok=2V1bXtjP 1530w)
Hans F. Sennholz (1922-2007) was Ludwig von Mises’s first PhD student in the United States. He taught economics at Grove City College, 1956–1992, having been hired as department chair upon arrival. After he retired, he became president of the Foundation for Economic Education, where he served from 1992-1997. He was an adjunct scholar of the Mises Institute, and in October 2004 was awarded the Gary G. Schlarbaum Prize for lifetime defense of liberty.