Exuberant Spanish accounts of the 16th century Aztec market system have been part of the documentary record for hundreds of years. Yet the significance of markets and marketplace exchanges in the prehispanic Mesoamerican world has consistently been under-theorized until relatively recently. One of the key, but not sole, factors that has forced a shift in our analytical framing is the archaeological evidence that almost all production (craft and agrarian) was situated domestically in prehispanic Mesoamerica, yet many households were producing at least in part for exchange. In consequence, centralized managerial control over production would have been difficult if not impossible to sustain. Although such findings have cast great doubt on long-held visions of Mesoamerican command economies, understanding how power was funded in different prehispanic time/space contexts remains a central issue with a greater analytical focus now shifted to the fiscal foundations of collective action, governance, and power. Despite important shifts in the specific lessons and legacies that we draw from Marx’s historical analysis, intellectual parallels and debts to this materialist frame of thought remain, and these help generate new questions to guide the way forward for studying this region’s past.