“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.

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Citation

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

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Adam Smith (Author)

Known as the father of political economy, Smith illustrated how specialization and the division of labor are the primary factors that enable nations to prosper.

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I, Pencil: The Movie

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