I, Pencil

Simple? Yet, not a single person on the face of this earth knows how to make me

I, Pencil is a story about one of the more taken-for-granted things in our life, the pencil. I, Pencil narrates the amazing tale of how the pencil is made and how just the right quantity of pencils is always available in the market, with no one person planning the whole thing.The story demonstrates economic principles at work like principle of incentives and the law of supply-and-demand.

The story is simple and was written by Leonard E. Read. December marks I,Pencil's 50th year of publication. It is also found in Russ Robert's novel: The Price of Everything.

Tip from Cafe Hayek.