What is the difference between knowing and understanding? What does he say about values and principals?

Project description
View Democracy Nows interview with Max Neef on the economy

What is the difference between knowing and understanding?
What does he say about values and principals?
Is greed the dominant value today?
What are the 5 principals of barefoot economics?
What is Underdeveloping?

Write a short essay (2 PAGE MINIMUM DOUBLE SPACE) where you address these questions and explain why you agree or disagree with Manfred Max Neefs assessment/analysis of the economy and post to the online activity in the discussion group