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Economics Lecture One (view source)

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→‎See “I, Pencil” By Leonard E. Read: excerpts

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We will be discussing charity at several points during the course.

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==~~See [~~http://www.fee.org/publications/the-freeman/article.asp?aid=3308 ~~“I, Pencil”] By [[Leonard E. Read]]==~~

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=="I, Pencil" by Leonard Read==

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I am a lead pencil—the ordinary wooden pencil familiar to all boys and girls and adults who can read and write. ... I am a mystery— more so than a tree or a sunset or even a flash of lightning. But, sadly, I am taken for granted by those who use me, as if I were a mere incident and without background. ...

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I, Pencil, am a complex combination of miracles: a tree, zinc, copper, graphite, and so on. But to these miracles which manifest themselves in Nature an even more extraordinary miracle has been added: the configuration of creative human energies—millions of tiny know-hows configurating naturally and spontaneously in response to human necessity and desire and in the absence of any human master-minding! ...

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For, if one is aware that these know-hows will naturally, yes, automatically, arrange themselves into creative and productive patterns in response to human necessity and demand—that is, in the absence of governmental or any other coercive master-minding—then one will possess an absolutely essential ingredient for freedom: a faith in free people. Freedom is impossible without this faith. ...

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The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society’s legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand. This faith will be confirmed. I, Pencil, seemingly simple though I am, offer the miracle of my creation as testimony that this is a practical faith, as practical as the sun, the rain, a cedar tree, the good earth.

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(the full esssay by Leonard E. Read is available from FEE at http://www.fee.org/publications/the-freeman/article.asp?aid=3308

==Assignment==

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