The Micro-Economics of Peasant Economy, China 1920-1940  book cover
1st Edition

The Micro-Economics of Peasant Economy, China 1920-1940

ISBN 9781138368866
Published March 9, 2020 by Routledge
532 Pages

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Book Description

The objectives of this study, first published in 1982, are to elaborate a micro-economic model which adequately explains the interrelationships among economic forces determining the distribution of income in a peasant economy in the early stages of transition to industrialization. It also examines the development of the ‘dual economy’, an economy composed of a large peasant agricultural sector with its ancillary handicraft sector, both traditional in techniques and institutions, and a small but growing modern industrial sector.

Table of Contents

1. Introduction  2. A Theory of Distribution in the Agrarian Sector  3. The Land Market in Prewar China  4. The Loan Market in Prewar China  5. The Labor Market in Prewar China  6. The Agricultural Production Function and Factor Productivity in Prewar Chinese Agriculture  7. An Activity Analysis Approach to Productivity Measurement: Mi-Ch’ang Village Sample

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Thomas B. Wiens