Penny capitalism

The term penny capitalism was first used in 1953 to describe indigenous economies in which there is land tenure over tiny plots of land, where farmers produce crop surplus and engage in small-scale trading. Microfinance evolved in penny capitalist economies.^[1]

This article uses bare URLs, which are uninformative and vulnerable to link rot. (May 2025)

Sol Tax published a book entitled Penny Capitalism ISBN 0-374-97785-2. He is said to have coined this term.^[2]