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My Family Treeas Told toLeonard E. Read
“I, Pencil” is a superb case study of freemarkets in action.Half of the world’s eco-nomic problems would vanish if everyonewould read “I, Pencil.”Burton W. Folsom, Jr.Professor of HistoryHillsdale CollegeThere is no better, more easily under-stood, and more fun explanation of thecomplexity of markets than LeonardRead’s “I, Pencil.” It ought to give consid-erable pause when we listen to the arro-gance of politicians who tell us they canmanage an economy better than millions,perhaps billions, of independent decisionmakers in pursuit of their own personalgoals.Its message to would-be planners isto bug out!Walter E.WilliamsJohn M. Olin Distinguished Professorof EconomicsGeorge Mason UniversityThe most valuable truths about econom-ics and liberty can be found in a lowlylead pencil. When my children are oldenough, I will read them a classic littleessay by the late philosopher Leonard E.Read that turns a mundane writinginstrument into an elementary lessonabout free-market capitalism.Michelle MalkinSyndicated columnist
Introduction by Lawrence W. Reed Afterword by Milton Friedman
This edition of “I, Pencil” is dedicated to ourlate esteemed colleague, Beth A. Hoffman,who worked on its production as her last project before her untimely passing on December 1, 2008. Information concerning the Beth A. Hoffman Memorial Scholarship Fund may be foundat www.fee.org.
Foundation for Economic EducationIrvington-on-Hudson, New York 10533