IDST 2600 Lecture Notes - Lecture 1: Bounded Rationality, Moral Economy, Cash Crop

• School: Trent University
• Department: International Development Studies
• Course: IDST 2600
• Professor: Akram- Lodhi Haroon

Document Summary

Changes in past 100 years (particularly last 20) Change to capital intensive agriculture (waged labour) Sustained resistance to incorporate peasants in capitalist agriculture. History of agriculture (four forms of agricultural production) Simple commodity production (production for subsistence and market) Industrial farms (corporation owned w/ intensive to maximize proits) Historical predictions: will die out proven wrong: peasants = resilient. Large share of population = peasants (40%) Past twenty years: re-peasantization -> urban-rural migration. No jobs left in town (ex. soviet union) 1. farm households whose principal livelihood comes from the land. 4. only partially integrated in capitalist economies -> economies are imperfect. Can take part in markets, but can withdraw. Grow crops and raise animals for agriculture. Often engaged in outside waged labour; i. e. trading to supplement livelihood. Majority of income: waged labour + trading. Waged + farm products = subsistence - farming is critical for libelihood. Land markets - land rental: portion of production to owner.