tyler cowen has as many books on history as he does on economics. i know a lot of economists, for the intuitive tyler this evening. let's start by imagining a town called 20th-centuryville in pennsylvania or ohio. there main street has been hollowed out. they got used to shopping at walmart, but walmart is pretty thinly spread because everybody is starting to shelve analyst. they have friends who work in walmart. not particularly happy campers, they got people they know who drive 50 miles to the amazon fulfillment center, always tired, they have permission to take bathroom breaks. why should the people of the town of 20th-centuryville, pennsylvania love big business? >> i have some data actually. in west virginia it is about the same as in sweden. middle america has completely devastated but that is not quite true for the entirety of it but the most distressed areas are those lacking big business. a lot of those regions will never come back. i don't think there is an answer. west germany never called the germany problem migration deals with. i'm for

please join me in welcoming tyler cowen. >> thank you very much for the introduction. delight to be here with tyler. i've met tyler a million times, have met many years, we don't always agree with each other. disagreeing without being disagreeable and far more manageable at the end of it. we do agree on some things. i am going to get into productivity. let me quickly emphasize tyler's productivity. wonderful book in 2011. we've had your complacent, we couldn't have -- >> no, about every 3 years. things speed up as we get older. >> but, anyway, that is a lot of books, one thing i will say is tyler is unusual economist, most economists wait for the baiter and they wait, they wait for the data. they torture it sufficiently in whatever case, he uses intuition which i know a lot of economists it's quite rare. let's start by imagining let's say 20th century in pennsylvania and ohio, most of the jobs have gone to china. shopping at wal-mart and out of town and wal-mart now, everybody is beginning to shop at amazon. used to work at wal-mart, not paid very well. they can't join

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