Theory Of Peasant Economy by Alexander V. Chayanov
"Theory of Peasant Economy" explores the unique economic behaviors and motivations of peasant households, which differ significantly from those of capitalist enterprises. The book argues that peasant economic decisions are primarily based on the family's labor balance rather than on maximizing profits. The author introduces the concept of the "family-labor farm," where the household's subsistence needs dictate agricultural production levels and the use of family labor. This seminal work challenges traditional economic theories by emphasizing the importance of internal family dynamics and demographic changes in understanding the economics of peasant life.