I, PENCIL

For more than half a century, Leonard Read's classic story has opened eyes and changed minds by the hundreds of thousands, revealing the wondrous achievements of individuals whose contributions are coordinated by nothing more than incentives and market prices.
SEGMENT 11 / FREE 2015 EDITION DVD

Discussion Questions

1. Why does the video say a pencil is “complicated”? Do you agree or disagree? Defend your answer.

2. Describe the “family tree” that goes into making a pencil. The video points out that it works voluntarily with the “absence of a mastermind.”What does this mean? What are the benefits and/or drawbacks of this?

3. What is the “invisible hand”? Is it a good or bad thing? Discuss and compare occurrences in our society where the invisible hand is at workand where it is not.

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