Main description: The obrajes, or native textile manufactories, were primary agents of developing capitalism in colonial Mexico. Drawing on previously unknown or unexplored archival sources, Richard Salvucci uses standard economic theory and simple measurement to analyze the obraje and its...

In 1800, the per capita income of the United States was twice that of Mexico and roughly the same as Brazil’s. By 1913, it was four times greater than Mexico’s and seven times greater than Brazil’s. This volume seeks to explain the nineteenth-century lag in Latin American economic...