Naturaleza y composición de la renta de la encomienda de opiramá 1625 – 1627

365 years have passed from the first edition of Política Indiana of SOLÓRZANO y PEREIRA, through has been analyzed legal, political and social problems of American-Spaniard Encomienda. But to date there is an obvious lack of research that reconstructs exactly the specific ways of generating wealth of this institution. This is baffling; in both the Encomiendas were primarily institution of economic character which then generated their correlative legal, political or social problems. Therefore, the research is the first case of rigorously documented study on the specific analysis, of the ways of producing wealth of Encomienda within the American-Spanish colonial system. Based on of SEMPAT principles (1974), the study analyzes and detailed (microscopically) the nature, composition and behavior of Rent to Encomienda Real de Opiramá (Province of Popayan in New Kingdom of Granada), between 1625 and 1627. Finally, based on the microscopic analysis of incomes (Cargo) and expenses (Data) of the Encomienda the following items are concluded: 1) about 50% of the production of Net Income of Opiramá’s encomienda was generated through indirect processes not registered in their management books, 2) this gain (Cargo) was primarily obtained through shifting costs (Data) to the Opirama’s Indian community (tax and non-tax), and 3) the analytical approach used to direct the conduct of the investigation, leads inevitably to question current research models of economic historiography on the study and understanding of the American-Spaniard Encomienda. Incomes