287 | Jean-Paul Faguet on Institutions and the Legacy of History

3014.904 - 3035.994 Jean-Paul Faguet

Yes, very good. You've put your finger on exactly the empirical challenge and the threat to our result, which is what economists call locational fundamentals. And so to expand a little bit on what you said, the argument would be, well, where did the Spanish go? The Spanish went to where there were large numbers of indigenous people because they wanted to enslave them and get them to work for them.