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Monday 11 February 2013

I, Pencil.

A simple explanation of how the free market works.

In 1958, Leonard E. Read published the essay I, Pencil, as a way to explain how the free market system and how voluntary interactions around the world contribute to the manufacture of the simple pencil.

Never thought about it that way, did you?

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2 comments:

  1. Anonymous12 February 2013 at 12:14

    If I'm honest, I never thought about it at all!

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  2. nemesis12 February 2013 at 21:23

    If you havent already seen it, you might also enjoy Matt Ridleys TED talk 'when ideas have sex'
    http://blog.ted.com/2010/07/14/when_ideas_have/
    Not quite as exciting as it sounds but interesting nonetheless.

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