Peasant economics is an area of economics in which a wide variety of economic approaches ranging from the neoclassical to the Marxist are used to examine the political economy of the peasantry. The defining feature of the peasants are that they are typically seen to be only partly integrated into the market economy -— an economy which, in societies with a significant peasant population, is typically found to have many imperfect, incomplete or missing markets.
Peasant economics is an area of economics in which a wide variety of economic approaches ranging from the neoclassical to the Marxist are used to examine the political economy of the peasantry. The defining feature of the peasants are that they are typically seen to be only partly integrated into the market economy -— an economy which, in societies with a significant peasant population, is typically found to have many imperfect, incomplete or missing markets.
Source: Wikipedia "Peasant economics" · CC BY-SA 4.0
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