Tyler Cowen: uncertainty

Transcript context

…Okay. I was worried that if you realize that some particular region has a lot of talent right now, then that might be a one-time gain. You realize that India, Toronto or Nigeria or something have a lot of talent, but the culture doesn't persist in some sort of extended way. That might be true for where talent comes from, but where it goes just seems to show more persistence. People will almost certainly be going to London for centuries. Is London producing a lot of talent? That's less clear. That may be much more cyclical. In the 17th century, London was amazing, right? London today? I would say I don't know. But it's not obvious that it’s coming close to its previous glories. So the current status of India I think, will be temporary, but temporary for a long time. It's just a very big place. It has a lot of centres and there are things it has going for it like not taking prosperity for granted. But it will have all of these for quite a while–– India's still pretty poor. What do you think is the difference between actual places where clusters of talent congregate and places where that are just a source of that talent? What makes a place a sink rather than a source of talent?…

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