The Complex Legacy of Conquistadores

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This chapter examines the true motivations behind the Spanish conquistadores' voyages to South America, revealing that many were lesser nobles intent on improving their fortunes. It also discusses the uneven colonization of regions like Colombia and how colonial institutions, particularly the encomienda system, have had lasting effects on modern governance and development. The analysis highlights the paradox of how areas influenced by the encomienda exhibit unexpected positive economic and social outcomes, contrasting these with the historical context of slavery.

One common feature of complex systems is sensitive dependence on initial conditions: a small change in how systems begin evolving can lead to large differences in their later behavior. In the social sphere, this is a way of saying that history matters. But it can be hard to quantify how much certain specific historical events have affected contemporary conditions, because the number of variables is so large and their impacts are so interdependent. Political economist Jean-Paul Faguet and collaborators have examined one case where we can closely measure the impact today of events from centuries ago: how Colombian communities are still affected by 16th-century encomienda, a colonial forced-labor institution. We talk about this and other examples of the legacy of history.

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Blog post with transcript: https://www.preposterousuniverse.com/podcast/2024/08/26/287-jean-paul-faguet-on-institutions-and-the-legacy-of-history/

Jean-Paul Faguet received a Ph.D. in Political Economy and an M.Sc. in Economics from the London School of Economics, and an Master of Public Policy from the Kennedy School of Government at Harvard. He is currently Professor of the Political Economy of Development at LSE. He serves as the Chair of the Decentralization Task Force for the Initiative for Policy Dialogue. Among his awards are the W.J.M. Mackenzie Prize for best political science book.