Micro-Economics of Peasant Economy China 1920-1940

<p>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.</p>