After the Western Roman Empire was destroyed by the Germanic invasions of the fifth century,the Western Europe was in the state of selfsufficient natural economy until the tenth century.

But it s a long way to go for the agriculture to get rid of the nature of natural economy completely and develop market economy.

The basic reason was that the highly stable structure of natural economy hindered the development of commodity economy as well as the growth of the total amount of the society;the direct reason was that the incomplete financial policy resulted in the recruitment of the.

The Destiny of Small-scale Peasant Economy;

It was regarded as a decisive industry in national economy;the development of small-scale peasant economy was paid attention to and taxation as the super-economic control was emphasized,thought in different ways get of the similar essence.

Philip Huang s “Involutionary Theory" is his theoretical BP which was used to analyze and comment on Chinese small-scale peasant economy.

Small peasant economy is a chief mode of economic operation under feudalism, and so far there has been very little academic attention paid to the effect of this type of economy on China s modernization.

Confucianism,as a product of traditional agricultural civilization,being constrained by small peasant economy,substantially runs counter with the modernity.