Why is honesty so important? Professor Easterly discussed this cardinal value in his own career, and in the context of international development, with Julia Kennedy and Devin T. Stewart at the Carnegie Council on September 15.
“People do know a lot about their own problems at their own level,” he said. “They can give you feedback on how you’re doing, if you are trying to solve their problems from the top, from government. In a democracy, you give feedback on how well, or how badly, the government is doing.
“So individual rights is also a way to mobilize all the knowledge in society that we need to make the economy work. It’s the individual that has the particular knowledge so that they know how to run their factory, to employ people, to be a worker themselves, to start new businesses.”
Watch the video below, or click here to download (50:04, 30.6 MB):
Or, listen to the podcast:
>>Ethics Matter: A Conversation with William Easterly (Carnegie Council Website)