The article analyzes recent economic changes in a Newar village (here fictitiously called "Satepa") situated about seven kilometers west of Kathmandu. The data were collected at two points in time, first in 1970-71 and later in 1978. The Kathmandu valley has always been a center in the history of Nepal and has also been a place where most development efforts have been concentrated. Satepa is a village with a population over one thousand where all the residents are Newars divided into eight castes. Statistics on landholding distribution by castes in 1970 and 1978 are tabulated in a table. The article discusses the occupational castes and the jobs related with agriculture and non-agriculture sectors. The article does not deal with the social consequences of the economic changes in this village. The author argues that with the decline of the bola system, which in itself is a part of the weakening of intra-village cooperation, there have been significant social repercussions. The author suggests that these kinds of changes should be dealt with elsewhere in detail. (Rajeev Ranjan Singh 2007-01-21)