What lies at the center of the Mexican colonial experience? Should Mexican colonial society be construed as a theoretical monolith, capitalist from its inception, or was it essentially feudal, as traditional historiography viewed it? In this pathfinding study, Enrique Semo offers a fresh vision: that the conflicting social formations of capitalism, feudalism, and tributary despotism provided the basic dynamic of Mexico's social and economic development.

Responding to questions raised by contemporary Mexican society, Semo sees the origin of both backwardness and development not in climate, race, or a heterogeneous set of unrelated traits, but rather in the historical interaction of each social formation. In his analysis, Mexico's history is conceived as a succession of socioeconomic formations, each growing within the "womb" of its predecessor. Semo sees the task of economic history to analyze each of these formations and to construct models that will help us understand the laws of its evolution. His premise is that economic history contributes to our understanding of the present not by formulating universal laws, but by studying the laws of development and progression of concrete economic systems.

The History of Capitalism in Mexico opens with the Conquest and concludes with the onset of the profound socioeconomic transformation of the last fifty years of the colony, a period clearly representing the precapitalist phase of Mexican development. In the course of his discussion, Semo addresses the role of dependency—an important theoretical innovation—and introduces the concept of tributary despotism, relating it to the problems of Indian society and economy. He also provides a novel examination of the changing role of the church throughout Mexican colonial history. The result is a comprehensive picture, which offers a provocative alternative to the increasingly detailed and monographic approach that currently dominates the writing of history.

Originally published as Historia del capitalismo en México in 1973, this classic work is now available for the first time in English. It will be of interest to specialists in Mexican colonial history, as well as to general readers.

Is popular culture merely a process of creating, marketing, and consuming a final product, or is it an expression of the artist's surroundings and an attempt to alter them? Noted Argentine/Mexican anthropologist Néstor García Canclini addresses these questions and more in Transforming Modernity, a translation of Las culturas populares en el capitalismo. Based on fieldwork among the Purépecha of Michoacán, Mexico, some of the most talented artisans of the New World, the book is not so much a work of ethnography as of philosophy—a cultural critique of modernism. García Canclini delineates three interpretations of popular culture: spontaneous creation, which posits that artistic expression is the realization of beauty and knowledge; "memory for sale," which holds that original products are created for sale in the imposed capitalist system; and the tourist outlook, whereby collectibles are created to justify development and to provide insight into what capitalism has achieved.

Transforming Modernity argues strongly for popular culture as an instrument of understanding, reproducing, and transforming the social system in order to elaborate and construct class hegemony and to reflect the unequal appropriation and distribution of cultural capital. With its wide scope, this book should appeal to readers within and well beyond anthropology—those interested in cultural theory, social thought, and Mesoamerican culture.