No Image Available

I, Pencil

 Author: Leonard E. Read  Category: Liberty.me Books  Published: 1958  File Size: 1.2 MB  Download
 Description:

Here is the classic essay by Leonard Read that illustrates how completely dependent the world is on the division of labor — and the more of it the better. Not even the smallest manufactured item can be made by one person alone.

I, Pencil is the story of the complexity of the market process and how everyone’s well-being depends on the knowledge of others.

Millions of humans have a hand in creating this seemingly simple item—each contributing a tiny, but essential amount of knowledge to the process. No one person can ever know all the information needed to make a single pencil.

The lesson learned here is to leave all creative energies unrestrained. Society depends on the ability to act in harmony with this lesson. All obstacles that stand in the way of the productive process need to be removed. Nothing can coordinate their efforts as effectively as the Invisible Hand.


Other Books From - Liberty.me Books


No Image Available How They Succeeded Liberty.me Books Orison Swett Marden
No Image Available The Voluntaryist Creed Liberty.me Books Auberon Herbert
No Image Available The Shadow Riders Liberty.me Books Isabel Paterson
No Image Available War Is the Health of the State Liberty.me Books Randolph Bourne
No Image Available Young Pioneers Liberty.me Books Rose Wilder Lane
No Image Available Never Ask the End Liberty.me Books Isabel Paterson
No Image Available Theories of the Trade Cycle Liberty.me Books Alec Lawrence Macfie
No Image Available Our Enemy, the State Liberty.me Books Albert Jay Nock
No Image Available Banking and the Business Cycle Liberty.me Books C.A. Phillips
No Image Available The Economic Basis of Class Conflict Liberty.me Books Lionel Robbins


Other Books By - Leonard E. Read


No Image Available Anything That’s Peaceful Liberty.me Books Leonard E. Read

 Back

Featured Product

Join Us

Donate

Get in touch

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.