pencil

A short film from the Competitive Enterprise Institute adapting Leonard Read's 1958 essay I, Pencil, showing how no one person knows how to make a pencil and how many people cooperate without central planning.

A two-minute clip in which Milton Friedman uses a humble pencil to show how thousands of strangers across many countries cooperate, without central direction, to make a simple product. It is a short visual version of the 'I, Pencil' essay's argument about free markets and dispersed knowledge.

A three-minute excerpt from Milton Friedman's Free to Choose in which he uses a pencil to show that no single person knows how to make it. He argues that the free market coordinates countless strangers peacefully.