Investment in peasant economy: theoretical considerations

Francisco de Assis Costa ()

Brazilian Journal of Political Economy, 1995, vol. 15, issue 1, 84-101

Abstract: This paper presents a model based on Marx and Chayanov which explains investmentby the peasant production unit. The paper presents the basis of Marx’s pessimisticview, and Chayanov’s approach to the peasants’ special propensity for investment. Basedon this discussion an analytical model is formulated which considers the Chayanovian potentialderived from a microeconomic perspective of the peasant, and the limits on peasantinvestment in a capitalist system derived from a marxian macroeconomic perspective on thespecific characteristics of petty commodity production. Finally, the paper points to generalizationswhich center on the contradictions between real restrictions determined by macrovariables and the subjective potential of the family production and consumption unit, the essentialfocus of the interpretation of the diverse forms of the relationship peasant/capitalism. JEL Classification: Q12; Q10; B51.

Keywords: Rural economics; farm investment (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org/repojs/index. ... ticle/view/1227/1212 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:15:y:1995:i:1:p:84-101:id:1227

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().