Abstract
Although the Thai-Lao peasants living in rain-fed agricultural communities in northeastern Thailand have experienced some improvements in their socioeconomic situation as a consequence of the growth of the Thai economy since the mid-1950s, these peasants still constitute the poorest sector of the population of Thailand. Moreover, the socioeconomic position of the rural northeastern Thai populace has actually declined relative to that of the urban populace and that of the rural populace living in central Thailand. The economic disadvantageous position of Thai-Lao peasants is linked with a sense of being an ethnoregional minority within a polity that has been highly centralized since reforms instituted at the end of the nineteenth century. Much of the social action of Thai-Lao peasants with reference to the political-economic constraints on their world can be understood, as long-term research in one community reveals, as having been impelled by rational calculation aimed at improving the well being of peasant families. The ways in which peasants have assessed in practice the justice of these constraints as well as the ways in which they have assessed the limits to entrepreneurship must be seen, however, as being rooted in moral premises that Thai-Lao villagers have appropriated from Theravada Buddhism as known to them in their popular culture.