@article{Costa_1995, title={Investment in peasant economy: theoretical considerations: }, volume={15}, url={https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1227}, DOI={10.1590/0101-31571994-0766}, abstractNote={<p>This paper presents a model based on Marx and Chayanov which explains investment<br />by the peasant production unit. The paper presents the basis of Marx’s pessimistic<br />view, and Chayanov’s approach to the peasants’ special propensity for investment. Based<br />on this discussion an analytical model is formulated which considers the Chayanovian potential<br />derived from a microeconomic perspective of the peasant, and the limits on peasant<br />investment in a capitalist system derived from a marxian macroeconomic perspective on the<br />specific characteristics of petty commodity production. Finally, the paper points to generalizations<br />which center on the contradictions between real restrictions determined by macro<br />variables and the subjective potential of the family production and consumption unit, the essential<br />focus of the interpretation of the diverse forms of the relationship peasant/capitalism.</p> <p><strong>JEL Classification:</strong> Q12; Q10; B51.</p>}, number={1}, journal={Brazilian Journal of Political Economy}, author={Costa, Francisco de Assis}, year={1995}, month={Jan.}, pages={84-101} }