#9690
Mentioned in 7 episodes

I, Pencil

My Family Tree as Told to Leonard E. Read
Book • 1958
In 'I, Pencil,' Leonard Read uses the humble pencil as a metaphor to explain the intricate web of global cooperation and specialization that underlies modern production.

The essay emphasizes the concept of the 'invisible hand,' demonstrating how millions of people contribute to the creation of a simple pencil without a central authority directing them.

This work serves as a powerful introduction to the principles of free market economics and the interconnectedness of human endeavors.

Mentioned by

Mentioned in 7 episodes

Mentioned by Matt Ridley to illustrate the collaborative nature of invention.
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Mentioned by Michael Goldstein when discussing the importance of understanding markets.
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THE BITCOIN REVOLUTION w/ Pierre Rochard & Michael Goldstein
Mentioned by Auron Macintyre to illustrate the idea that no single person or country could manufacture a pencil alone.
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Von Alexander Schatten erwähnt als ein klassischer Artikel der ökonomischen Literatur, der die Komplexität der Herstellung eines Bleistifts beschreibt.
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Mentioned by Codie Sanchez when discussing the interconnectedness of humanity and the effort involved in creating a simple pencil.
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Mentioned by Bob Murphy to express that he did not like Elon Musk tweeting about it.
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Mentioned by Guy Swann to illustrate the vast and interconnected nature of the economic system.
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Mentioned by Justin Andrews when discussing the importance of free markets and the complexity of seemingly simple products.
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Mentioned by George Will as the author of a famous essay on the complexity of manufacturing a pencil.
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Mentioned by Dave Smith in relation to Milton Friedman's pencil example.
Trump's Tariffs
Mentioned by Robert Zubrin in relation to the "I, Pencil" essay, highlighting the complexity of modern manufacturing.
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