Abstract
This article discusses the major specific aspects of a general type of peasant economy: the family farm production‐consumption unit, the village as an economic organisation, the market and money in the peasant economy, the political economy of peasant societies. It concludes with an examination of the differing ideas of analysts who agree on the existence of a specific peasant economy but disagree on the relative importance of its characteristics. The aim is to provide a starting‐point for a systematic discussion of the general, the diverse, the relatively stable and the changeable in peasant economy, and the way in which it is affected by state policies; the latter aspects are dealt with in part II†.