Last class: Rural economy: patterns of production from consumption (see Bauer, Schwartz and Hoberman)
Persistence of native features of land holding, labor, and technology
Emergence of haciendas, ranchos and estancias required population of wheat and beef eaters.
Interdependence of Native and Hispanic worlds
Dual economy model (imperial vs. local) compared with integrated economy (local, regional, inter-colonial, imperial)
Economy of early Spanish America: feudal, capitalist, or patrimonial?