Land and Money

Abstract

"The Russian crisis is in particular and above all an agricultural crisis," Pavel Miliukov wrote in his book [>i>The Russian Crisis>/i>],>sup>1>/sup> which was published at the beginning of the twentieth century in France and the United States. This was a true but incomplete assessment because the irreversible crisis of agricultureâas the economic foundation of Russian lifeâpresented the entire Russian agrarian society based on this foundation with the final limit. This was its crisis and a sign of rural Russia's ever more appreciable lag behind Western countries, which were becoming increasingly industrialized and urbanized.