Macroeconomics of the Black Economy by Saumen Chattopadhyay, Orient Blackswan Pvt. Ltd., Hyderabad, 2018, Pages 276, Price Rs. 795/-

The book, in the aftermath of demonetization, is a significant, serious and critical contribution to the theoretical and practical understanding of the impact of black money on the economy. The author began his analysis rightly stressing the need for understanding and estimating the black economy for effective macroeconomic policy management. In the pursuit of this objective, he attempted to incorporate the economic manifestations of the illegalities, such as corruption and tax evasion, in an open economy framework.