Here is an extract from a great article Harry from Peace Tree put me on to, I loved it.
It dawned on me that what I was witnessing was a near perfect example of a local economy in action. And when Andy started talking specifically about economics, which he will do if pressed although normally he is quiet and reserved, he “brought home” the significance of what I was looking at. He and Jan delight in their frugal life style which is the main reason they can afford to keep on being such small farmers producing such high quality food. Their house, partly underground, is modest and environmentally sane. They heat it with their own wood cut and split from their own woodlot. Parts of the house and of other buildings are made from salvaged materials. They raise most of the food they eat, obviously. They are keen practitioners of home medicine. They are very artful recyclers of material our wasteful society throws away. And they are content with their lives. “We would rather do without many things that modern society strives for,” Andy says, “so as to have the time to grow really good food while enjoying the natural and spiritual world around us. We could expand, work ourselves to distraction and make more money. We choose to avoid that trap.” I have used Andy’s observation about their life style before: “It is rather easy to live comfortably below the so-called cost of living because the government keeps raising the index.” This is something that today’s society needs to hear, especially now that the international economy has come near to collapse because so many people are so unwilling to live sensibly and have therefore borrowed themselves into bankruptcy.
Full article here