Market system (Other Keyword)

DOCUMENT Full-Text Christopher Garraty.

The relationships between market and political institutions have varied in different times and places, but no market system was (or is) devoid of political involvement. The contrasting approaches of the Aztec empire and Spanish colonial regime to the Basin of Mexico market system are instructive about the ways that commercial agents (producers, traders) respond to “top-down” pressures from state elites to steer and direct the commercial economy to their political advantage. The results of this...