I, Pencil Extended Commentary: Spontaneous Order

24 Dec 2015 Leave a comment

by Jim Rose in applied price theory, Austrian economics, comparative institutional analysis, industrial organisation, international economics, survivor principle Tags: , ,

I, Pencil Extended Commentary: Creative Destruction

19 Dec 2015 Leave a comment

by Jim Rose in applied price theory, economic history, entrepreneurship, industrial organisation, survivor principle, technological progress Tags: , , , , ,

I, Smartphone

28 Jan 2015 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, economics of media and culture, industrial organisation, survivor principle Tags: ,

Based on Leonard Read’s famous essay “I, Pencil,” this short video beautifully illustrates the vast complexity that we carry in our pockets.

No one person could ever make a smartphone. It required the spontaneous cooperation of millions across all countries. The world could never be reinvented by a single mind, but rather requires the coordination of plans made possible only through private property and the price system.

HT: http://tucker.liberty.me/2015/01/27/15-great-lessons-on-commerce-and-entrepreneurship/#.VMfl-ZUvGGA.facebook

I, Pencil – the movie

07 Jul 2014 1 Comment

by Jim Rose in applied price theory Tags:

ipencilmovie.org.

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