“I, Pencil: My Family Tree” as told to Leonard E. Read, Dec. 1958

A charming story which explains how something as apparently simple as a pencil is in fact the product of a very complex economic process based upon the division of labor, international trade, and comparative advantage.

I Pencil: My Family Tree as told to Leonard E. Reed (Irvington-on-Hudson, New York: Foundation for Economic Education, Inc., 1999).


Published online with the kind permission of the copyright holders, the Foundation for Economic Education.

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