B Y L AW R E N C E W. R E E D
Eloquent. Extraordinary. Timeless. Par-
adigm-shifting. Classic. Half a century after
it first appeared, Leonard Read’s “I, Pencil”
still evokes such adjectives of praise. Right-
fully so, for this little essay opens eyes and
minds among people of all ages. Many
first-time readers never see the world quite
the same again.
Ideas are most powerful when they’re
wrapped in a compelling story. Leonard’s
main point—economies can hardly b...