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In the past 25 years, an interest in "informal economies" has grown across the social sciences, encompassing economic activities not (successfully) regulated by government. Archaeology has paralleled this interest primarily through studies of household and craft production; much of this work presumes rather than proves state control over quotidian exchanges. The smaller number of works on the riskier endeavors of piracy, smuggling, and prostitution, which we review here, underscores how weak the formal/informal duality is in application over the longue durée: Most markets are gray, not black or white. Instead of discussing the problematic category of the informal economy, we focus on illegal and illicit economies while demonstrating that the relationship between government and economy is highly variable, politically volatile, and socially embedded. We identify emerging trends in archaeology and address the hesitation to read archaeological deposits for clandestine activities by eliciting the distinct forensic patterns they leave in the material record.