Peasants’ Moral Economy and Implications for Russia’s Agrarian Capitalism

  • Stephen K. Wegren


One of the key variables affecting societal change is the strength of embedded values. For rural societies and populations, the dominant analytical model since the mid-1970s has been the peasants’ moral economy. The moral economy approach sees values as “embedded” in peasant societies, and these values are therefore reflected in the nature of village institutions. Commercialization of agriculture disembeds peasant values and behavior, and displaces existing village institutions with market-based institutions.1 During commercialization, personal networks are replaced with impersonal networks, thereby depriving peasants of the “flexibility” inherent to traditional economies.


Reform Policy Market Reform Land Market Shock Therapy Rural Sector 
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© Stephen K. Wegren 2005

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  • Stephen K. Wegren

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