Pencil is a famous essay by Leonard Reed, and is recommended reading for every student of economics. He vividly describes how complex and difficult it is to create something even as simple as a pencil.
What is the main point or moral of Reed’s essay? How does the Invisible Hand fit into it? Explain. (Your text discusses the Invisible Hand concept in chapters 1, 4, 12 and 13.)
The post Pencil by Leonard Reed first appeared on COMPLIANT PAPERS.
