Economists have been too hasty in celebrating their death.
Petr Alekseevich Kropotkin: “Economists have been too hasty in celebrating their death.”
Editor's note · Context
Kropotkin critiques the premature declarations of the decline of small trades by economists.
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The small industries are as much a distinctive feature of the British industry as its few immense factories and ironworks.
That so small an area of land can produce so much wealth is nothing short of astonishing.
They smile when we boast about the rotation system, having permitted us to take from the field one crop every year, or four crops each three years, because their ambition is to have six and nine crops from the very same plot of land during…
Cottons, plain linen, and machine-made lace are now produced at such a low cost by machinery that hand-weaving evidently becomes an anachronism for the plainest descriptions of such goods.

