A Model of Crisis in a Peasant Economy
AbstractThe principal asset of many poor peasants is their labor power. Despite a basic level of development, a rural economy can experience famine alongside a competitive labor market. The model constructed to explain this distinguishes peasants by the level of their endowment. A peasant with insufficient resources to survive in isolation will accept a wage rate that will leave him destitute, but alive, at the end of the agricultural year. A poorer peasant will be unable to match such a wage offer, having less assets to realize. Thus, the poorest strata are left unemployed and starving despite the labor market clearing. Copyright 1990 by Royal Economic Society.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 42 (1990)
Issue (Month): 4 (October)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://oep.oupjournals.org/
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.