Friday, November 16, 2012

I, Pencil -- The Movie

Leonard Read’s classic essay “I, Pencil,” is about how the manufacture of a simple (yet not so simple) pencil is coordinated by the marketplace rather than by a central planner. Milton Friedman later famously adopted it for his Free to Choose series.

1 comment:

  1. One of my favorite clips. I showed it each semester to my students.