The Story of I, Pencil
The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’
ARTICLE: I, Pencil: My Family Tree – Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf]
‘‘Not a single person in the world knows all the processes required to make a pencil and yet voluntary exchange enables hundreds of people to cooperate together in their production without any central direction.’’
VIDEO: I, Pencil: The Movie (Competitive Enterprise Institute, 6:32 min) [http://at.fee.org/1WtBN3N] A film from the Competitive Enterprise Institute, adapted from the 1958 essay by Leonard E. Read.
VIDEO: Milton Friedman – I, Pencil (Free to Choose Network, 2:25 min) [http://at.fee.org/1Os9vPu] ‘‘Milton Friedman, Nobel laureate, discusses the market forces involved in creating a single pencil in his
telling of the classic story written by Leonard E. Read.’’
VIDEO: How to Make a $1500 Sandwich in Only 6 Months (How To Make Everything, 3:44 min) [http://at.fee.org/1siuArB]