Friday, November 23, 2012

Libertarian classic 'I, Pencil' now available as video

Libertarian classic 'I, Pencil' gets modern makeover - Garry Reed:

November 16, 2012 - "The Competitive Enterprise Institute has remade Leonard E. Read's I, Pencil as an animated film, released on their website Thursday....

"I, Pencil was first published as an essay that appeared in the December 1958 issue of The Freeman, generally regarded as one of the oldest and most respected libertarian journals in the US, a publication of the Foundation for Economic Education (FEE) which was founded by Leonard E. Read in 1946.

The essay, under its full title, I, Pencil: My Family Tree as Told to Leonard E. Read, had a simple goal: 'to show that economics cannot be "planned" since no one, no matter how smart, can create something as incredibly ordinary as a pencil.' Instead, its creation requires a highly complex global industrial network organized not by a master planner but by the spontaneous supply-and-demand workings of the 'invisible hand' in the peaceful, voluntary, libertarian, laissez-faire free market.

"The goal of the project, CEI announced in a news release, 'was to translate Leonard Read’s story into an exciting and accessible film for the Internet age.'"

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