✏ I, Pencil - Leonard E. Read | Animated version of great essay
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Founded Archive on Instagram: "Milton Friedman uses “I, Pencil,” a short story by Leonard Read, to explain how a free-market economy operates, stating there is nobody in the world who knows how to make a pencil, instead - thousands of people worldwide manufacture the various components. #stocks #investing #trading #stockmarket"
1:07
Founded Archive on Instagram: "Milton Friedman uses “I, Pencil,” a short story by Leonard Read, to explain how a free-market economy operates, stating there is nobody in the world who knows how to make a pencil, instead - thousands of people worldwide manufacture the various components. #stocks #investing #trading #stockmarket"
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Instagramfoundedarchive
Plot summary, “I, Pencil” by Leonard E. Read in 5 Minutes - Book Review
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"I, Pencil" was a 1958 essay written by Leonard Read. This video shows economist Milton Friedman on his FREE TO CHOOSE program revealing the origin of a mere pencil. | Hidden History
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✏️ A pencil might look simple, but its story is incredible. In I, Pencil, Leonard Read shows how no single person knows how to make one. 🌎 The wood, the graphite, the rubber… they come from all over the world, thanks to millions of people cooperating, without even knowing it. 🤯 That’s what Adam Smith called the invisible hand, how free people, pursuing their own goals, end up creating things that benefit everyone. 📈🌍 It’s everyday economics… hidden in plain sight. Check out our episode “Penc
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