This provocative new volume focuses on the economic features that make Third World social formations distinctive and on non-property characteristics such as religion, ethnicity, and culture, that are central to the survival of these societies. Specifically, the authors look at the significance and revolutionary potential of peasant majorities, who take limited advantage of capitalist modes of production and often manage to maintain their cultural and economic identity and a degree of independence in the process. Following the editors' introduction, which explains the conceptual framework for the study, the historical and structural causes for the weakness of the basic capitalist classes in the periphery (the underdeveloped national regions) are examined. The next several chapters deal with the evolution of classes and institutions in the periphery, the articulation of peasantries within capitalist and socialist societies, and the reasons for the resilience of peasant modes of production. Other topics discussed are the role of the state--capitalist of socialist--in class formation, the relationship between the socialist state and the peasantry, variables in social transformation in the periphery, and the place of the urban poor in Third World development.