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Photo Credit: Tyler Follon - Wingman VisualsIn this episode of the Moral Imagination Podcast, I speak with Professor William Easterly of New York University about his work in development economics, and the problems of technocracy and social engineering of the poor. Easterly worked at the World Bank from 1985-2001 and began to be troubled by a number of things, including how aid is given without much concern about how it is distributed and managed thus subsidizing bad governance and harming the poor. We discuss Peter Bauer's critique of how foreign aid politicizes development and delayed the development of business in Africa, and Bauer's paradox of aid: * The countries that need aid — aid will not be effective* The countries where aid will be effective — do not need aid But the key problem with the dominant model of development is not simply a lack of efficiency, but the failure to respect the rights and agency of poor people. Easterly explains that development projects often result in people being deprived of their property, political rights, and participation and consent in the very projects that are supposed to help them. He discussed the tendency to to trivialize problems in the developing world, and the lack of feedback and market tests in development policy. We discuss how the developing world can often become a a lab for experiments for technocrats and social engineers. We also talk about Hayek's Knowledge Problem, a response to Marianna Mazucatto idea of moonshots, and what I call “embedded'“ economics. We discuss a number of issues including * “The Debate that Never Happened” - Gunnar Myrdal vs. Friedrich Hayek on development economics* Social Engineering * Technocracy and the Hubris of the Technocrat * Spontaneous Order* Edmund Burke and Friedrich Hayek * Soviet 5-year central planning as model for economic development * Limited Horizons of Humanitarianism— a secular, hollowed out version of Christian love the focuses on material at the expense of personal agency. * Lack of Accountability * Material vs. Non-material Needs * Materialist visions of the human person * People have a right to consent to their own progress * Harry Potter novels vs. Mosquito Nets * Marianna Mazucatto's ideas of Moonshots * vs. accidental discovery* vs opportunity costs * vs failed social engineering projects * and the complexity of economics and markets embedded in deep historical, cultural, norms, institutions, and religious foundations. * How to think about foreign aid and public goods like healthcare, infrastructure, education* Aid for emergencies vs. aid as answer to chronic poverty* Institutions of Justice including clear title to land, access to justice in the courts, ability to participate in the formal economy, and free exchange. * The impact of globalization on manufacturing in the US* Trade-offs and economic volatility * The moral rules that are needed for progress to beneficial * Consent, Self-Determination, Moral Equality * Attempts to develop Native Americans, US intervention in Philippines etc. * Material progress is never enough to justify interventionBiography William Easterly is Professor of Economics at New York University and Co-director of the NYU Development Research Institute, which won the 2009 BBVA Frontiers of Knowledge in Development Cooperation Award. He is the author of three books: The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (March 2014), The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the FA Hayek Award from the Manhattan Institute, and The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (2001).He has published more than 60 peer-reviewed academic articles, and has written columns and reviews for the New York Times, Wall Street Journal, Financial Times, New York Review of Books, and Washington Post. He has served as Co-Editor of the Journal of Development Economics and as Director of the blog Aid Watch. He is a Research Associate of NBER, and senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD). Foreign Policy Magazine named him among the Top 100 Global Public Intellectuals in 2008 and 2009, and Thomson Reuters listed him as one of Highly Cited Researchers of 2014. He is also the 11th most famous native of Bowling Green, Ohio.ResourcesEssay: Friedrich Hayek: “The Use of Knowledge in Society”Related: Podcast with Obianuju Ekeocha on Ideological Colonialism and Resisting the Cultural Annexation of Africa Uganda Farmer Story in New York TimesPoverty, Inc. Film Recommended ReadingTyranny of Experts William Easterly The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little GoodBuy on Amazon, William Easterly The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics, Easterly, William R.Target Africa: Ideological Neocolonialism in the Twenty-First Centuryby Obianuju Ekeocha Seeing Like a State, James C. Scott Peter Bauer, Equality, The Third World, and Economic DelusionAngus Deaton The Great Escape: Health, Wealth, and the Origins of Inequality Get full access to The Moral Imagination - Michael Matheson Miller at themoralimagination.substack.com/subscribe
About the Talk In this episode of the Governance podcast, our Director Mark Pennington speaks to Prof. William Easterly from New York University on liberal vs paternalist approaches to economic development policy. The Guest William Easterly is Professor of Economics at New York University and Co-director of the NYU Development Research Institute, which won the 2009 BBVA Frontiers of Knowledge in Development Cooperation Award. He is the author of three books: The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (March 2014), The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the FA Hayek Award from the Manhattan Institute, and The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (2001). He has published more than 60 peer-reviewed academic articles, and has written columns and reviews for the New York Times, Wall Street Journal, Financial Times, New York Review of Books, and Washington Post. He has served as Co-Editor of the Journal of Development Economics and as Director of the blog Aid Watch. He is a Research Associate of NBER, and senior fellow at BREAD. Foreign Policy Magazine named him among the Top 100 Global Public Intellectuals in 2008 and 2009, and Thomson Reuters listed him as one of Highly Cited Researchers of 2014. He is also the 11th most famous native of Bowling Green, Ohio.
My conversation with writer, activist, and overall powerhouse Katy Faust on what we owe our children and the future. I speak with Katy about her upbringing in a lesbian household, the problems with same-sex marriage and how redefining marriage has redefined parenthood, the implications of surrogacy on the child, IVF, divorce and step-parents, the issues with adoption and what the rights of the child should be. Katy Faust is the founder and director of the children's rights organization, Them Before Us, and the author of “Them Before Us: Why We Need a Global Children's Rights Movement.” You can also find her work on Twitter @Advo_Katy. --- Send in a voice message: https://podcasters.spotify.com/pod/show/aksubversive/message
Sending economic assistance from western, developed countries to poorer, developing countries has always been a virtuous and noble pursuit. But the ethics behind foreign aid can get messy. Bill Easterly has built an entire career analyzing the pros and cons within the field of development economics. He is a professor of economics at NYU, and also the co-director of their Development Research Institute.Bill has written a number of books on the topic as well, including The Tyranny Of Experts, The Forgotten Rights Of The Poor, and The White Man's Burden.Greg and Bill dive into the nuances of development in this episode, including using GDP to measure development objectively, development economics as its own discipline, and facing the colonial roots of the development field and growing from that history.Episode Quotes:Generalized trust vs. trust within a group:Trust within the ethnic group is better than no trust at all. But not as good as generalized trust. At least having trust within the ethnic group makes possible a lot of transactions within the ethnic group.And that at least allows you to build trading networks and investment networks within the ethnic group, which is certainly better than nothing. But it still does prevent you from expanding your network to the whole population and choosing perfect strangers as partners, which is what becomes more possible when you have more generalized trust.Is this work for the developers or “rules” or those who receive the aid:The rulers are often gonna be attached to some kind of prestige measure that shows how wonderful they are as rulers.They will like the high GDP per capita numbers. They will like the prestige projects of big dams and giant interstate roads that are financed by donors that they can open with elaborate ribbon cutting ceremonies, but are often not really consulting the citizens on whether that's really what they wanted or not.Idealism vs. Cynicism with your development economists:I think it's more a function of the fact that we start off with a set of things that we think are sort of easy answers to development, easy answers to poverty. And then over time we realized the answers are not so easy, that's the way in which we become wise.Show Links:Guest Profile:William Easterly WebsiteWilliam Easterly on TwitterWilliam Easterly on LinkedinFaculty Profile at New York UniversityHis work:William Easterly on Google ScholarThe Economics of International Development: Foreign Aid versus Freedom for the World's PoorThe Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little GoodThe Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics
Listen to Dr William Easterly's lecture at THINK2021. William Easterly is Professor of Economics at New York University and Co-director of the NYU Development Research Institute, which won the 2009 BBVA Frontiers of Knowledge in Development Cooperation Award. He is the author of three books: The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor(March 2014), The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Harm and So Little Good (2006), which won the FA Hayek Award from the Manhattan Institute, and The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (2001). THINK 2021 was held on Saturday 12th June where a collection of world leading economists and thinkers from all over the globe came together and gave talks, held discussions and hosted Q and As. The conference was kindly supported by Vernon Hill II. Support the IEA on Patreon, where we give you the opportunity to directly help us continue producing stimulating and educational online content, whilst subscribing to exclusive IEA perks, benefits and priority access to our content www.patreon.com/iealondon FOLLOW US: TWITTER - https://twitter.com/iealondon INSTAGRAM - https://www.instagram.com/ieauk/ FACEBOOK - https://www.facebook.com/ieauk WEBSITE - https://iea.org.uk/
Douglas Kruger is a multiple award-winning international speaker and business author. In 2016, in honour and excellence in his craft, Douglas was inducted into the Speakers Hall of Fame by his chapter of the Professional Speakers Association. The enigmatic Douglas Kruger is an inspiring voice who uniquely dismantles the self-imposed rules that can hamstring aspiring companies. Douglas is a thought leader who has helped many successful, blue chip companies and individualswith how to develop their talent whilst guiding them away from cultural norms that can kill innovation. Steve Stavs chose to interview Douglas in order for the Made To Thrive community to optimise performance and innovation over this very uncertain time.In this episode, we explore:How to use marketing tools to diversify your income streamHow Douglas wrote his latest book ‘Virus proof your small business' in just 1 week!Why personality is so important in becoming an expertDouglas's purpose and how it's made him successfulA new look at basic freedom- how removing burdensome regulation can create agility, creativity and resultant capital for things that really matterWhy profitability over costs is an economic imperativeIs leadership defined at birth?Why pixels can't make up for hugsDouglas's top 3 tips on how to move from amateur to expertJoin our community:Facebook MadeToThriveZA; SteveStavsZAInstagram SteveStavsZA; Twitter @Steve_StavsMENTIONSContact: Douglas KrugerDouglasKruger.comhttps://www.youtube.com/user/DouglasKruger1BOOKSBen Shapiro quote and book: Facts Don't Care about Feelingshttps://www.amazon.com/Facts-Dont-Care-About-Feelings-ebook/dp/B07XJ75GKP/ref=sr_1_1?crid=1RBHM9H3E3374&dchild=1&keywords=ben+shapiro+facts+dont+care+about+your+feelings+book&qid=1588684642&sprefix=ben+shapiro+facts+%2Caps%2C359&sr=8-1 The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor by William Easterlyhttps://www.amazon.com/Tyranny-Experts-Economists-Dictators-Forgotten/dp/0465031250/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1588684733&sr=8-1 Is your thinking keeping your poor? 50 ways the rich think differently by Douglas Krugerhttps://www.douglaskruger.com/books.html Virus proof your small business, Douglas Krugerhttps://www.penguinrandomhouse.co.za/book/virus-proof-your-small-business-50-ways-survive-covid-19-crisis/9781776095728 Poverty proof: 50 ways to train your brain for wealth, Douglas Kruger https://www.penguinrandomhouse.co.za/book/poverty-proof-50-ways-train-your-brain-wealth/9781776094516VIDEOSFrom Amateur to expert daily: Douglas Kruger
Ep. #24: Welcome to season 2! We are kicking the season off with a fascinating conversation about changing the world with design, with Don Norman. Don Norman has been a well-known name in the design field for over 30 years, and is currently Director of Design Lab at UC San Diego, where he spoke to us from, in between trips around the world spreading the practice of design to change the world. You might know Don from his book The Design of Everyday Things, or maybe you know him as a co-founder of the Nielsen Norman Group, or any one of the other many influential writingsand talks and work he’s created. Don is generally recognized as one of the early framers of the discipline we now call user experience, which is a term he coined while he was a VP at Apple, though he really doesn’t like how the term UX is being used -- it’s often misused, it’s overused and it’s lost its original intent. He talked about that a little in our conversation, but mostly we talked about why, and how, designers and researchers in our discipline should be changing the world. Don Norman is the founder and Director of the Design Lab at the University of California, San Diego. The UC San Diego Design Lab does fundamental work in a number of different areas, with healthcare and public health being the largest. He is also cofounder of the Nielsen Norman Group [https://www.nngroup.com], a member of the National Academy of Engineering, IDEO fellow, and former Vice President of Apple. He serves on numerous company and educational advisory boards and boards of directors. He has published 20 books translated into 20 languages including Emotional Design and Design of Everyday Things. He can be found at www.jnd.org.Don is one of the keynote speakers at this year’s IxDA conference, Interaction19.Books by Don Norman:The Design of Everyday Things: Revised and Expanded EditionEmotional Design: Why We Love (or Hate) Everyday ThingsFrom the show:The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor by William EasterlyERIC VON HIPPEL evhippel@mit.edu - Professor of Technological Innovation at MITFREE INNOVATION – (A book on how citizens create and share innovations) (free PDF download) Community-based design organizations for change:San DiegoDesign Forward AllianceSeattleDesign for Good | AIGA Seattle Design in Public Connect with UX Cake!Twitter Facebook Instagram www.uxcake.coYou can now support the future of the UX Cake podcast and be a part of the UX Cake community at Patreon.com/uxcake See acast.com/privacy for privacy and opt-out information.
On this episode of Slate Money, Felix Salmon of Fusion, Cathy O'Neil of mathbabe.org, and Slate's Moneybox columnist Jordan Weissmann are joined by special guest William Easterly, Professor of Economics at New York University, and the author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor. They dig into: • The realities of the developing world • Poor and displaced populations • The World Bank Check out other Panoply podcasts at itunes.com/panoply. Email: slatemoney@slate.com Twitter: @Felix salmon, @mathbabedotorg, @JHWeissmann Podcast production by Zachary Dinerstein Slate Money is brought to you by BollandBranch.com, the company that makes luxury bedding affordable. Get the nicest sheets you've ever owned for about half the price of what stores are charging. Order right now and they'll give you 20 percent off your order, plus free shipping. Go to BollAndBranch.com and use the promo code MONEY. And by TaxAct. File simple federal and state returns for free by visiting TaxAct.com/slate. TaxAct will guide you through every step of the process — using your computer, tablet or phone — and get you the maximum refund, guaranteed. And by Casper, an online retailer of premium mattresses for a fraction of the price. Casper mattresses come with free delivery and returns within a 100-day period. Get $50 toward any mattress purchase by visiting casper.com/slatemoney, and using the promo code SLATEMONEY. Learn more about your ad choices. Visit megaphone.fm/adchoices
William Easterly of New York University and author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor talks to EconTalk host Russ Roberts about the ideas in his book. Easterly argues that poverty endures in many poor countries because of a lack of economic and political freedom for its poorest members. He argues that the aid process and the role experts play in that process reinforces the oppression of the poor. Other topics discussed include data-oriented solutions, autocracy vs. democracy, and Easterly's perspective on development from Bill Gates and recent EconTalk guest Jeffery Sachs.
William Easterly of New York University and author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor talks to EconTalk host Russ Roberts about the ideas in his book. Easterly argues that poverty endures in many poor countries because of a lack of economic and political freedom for its poorest members. He argues that the aid process and the role experts play in that process reinforces the oppression of the poor. Other topics discussed include data-oriented solutions, autocracy vs. democracy, and Easterly's perspective on development from Bill Gates and recent EconTalk guest Jeffery Sachs.
The technocratic approach to ending global poverty favored by development experts often strengthens authoritarian governments and neglects or undermines the preferences and personal choices of poor people.The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor See acast.com/privacy for privacy and opt-out information.
The technocratic approach to ending global poverty favored by development experts often strengthens authoritarian governments and neglects or undermines the preferences and personal choices of poor people. William Easterly will explain why a different branch of economics emerged for poor countries and how it has served the interests of decisionmakers in powerful countries, political leaders in poor countries, and humanitarians in rich countries. Join us to hear Professor Easterly make a case in favor of liberty that has so far been disregarded by the experts: poverty can only be ended and development sustained by respecting the individual rights of the world’s poor. See acast.com/privacy for privacy and opt-out information.
Ian Gordon, Michael Oliver, Gene Epstein, Eric Coffin, Daniel McAdams and David Jensen return. Fed Chair Janet Yellen worries that we could be in for a repeat of the 1930s deflationary depression. So she is trying to stimulate inflation. Ian believes she should worry but for different reasons. Moreover, she will be powerless to stop deflation. So, what will a massive price decline mean for stocks, bonds and precious metals? Gordon will opine on that question and Oliver will apply his technical analysis to help us time those markets. In hour 2 at JayTaylorMedia.com, Barron's Epstein will speak of “The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor.” Daniel will talk about the latest evils of tyrants in the Ukraine and the U.S. and David will help connect the dots between foreign wars, economics and gold market manipulation. Eric will share his views on the metals markets and a couple of his favorite junior mining picks.
Guest William Easterly, Professor of Economics at New York University and Co-director of NYU's Development Research Institute, speaks with Diane Horn about his book “The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor”.