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Black Market CapitalUrban Politics and the Shadow Economy in Mexico City$
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Andrew Konove

Print publication date: 2018

Print ISBN-13: 9780520293670

Published to California Scholarship Online: January 2019

DOI: 10.1525/california/9780520293670.001.0001

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PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 17 October 2019

Shadow Economics

Shadow Economics

(p.61) Three Shadow Economics
Black Market Capital

Andrew Konove

University of California Press

This chapter moves from an analysis of elite debates over urban renewal to an examination of the quotidian transactions of the Baratillo in the eighteenth and early nineteenth centuries. The shadow economy linked baratilleros to some of Mexico’s elite overseas merchants while pitting them against the capital’s artisan guilds and shopkeepers, who saw them as disloyal competition. In reconstructing these relationships, the chapter reveals the centrality of the Baratillo’s commerce to the late-colonial urban economy. It also illustrates the ways that economics and politics intertwined in the market, as vendors pursued multiple strategies to protect their businesses from outside threats.

Keywords:   Shadow economy, Baratillo, Mexico, urban economy, vendors

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