is Leonard Read
's most famous essay. The full title is "I, Pencil. My Family Tree as told to Leonard E. Read" and it was first published in the December, 1958 issue of The Freeman
. It was reprinted in The Freeman
in May 1996 and as a pamphlet entitled "I...Pencil" in May 1998. In the reprint, Milton Friedman
wrote the introduction and Donald J. Boudreaux
wrote the afterword. Friedman (the 1976 winner of the Nobel Prize in economics
) used the essay in his 1980 PBS television show Free to Choose
and the accompanying book of the same name.
"I, Pencil" is written in the first person from the point of view of an Eberhard Faber pencil. The pencil details the complexity of its own creation, listing its components (cedar, lacquer, graphite, ferrule, factice, pumice, wax, glue) and the numerous people involved, down to the sweeper in the factory and the lighthouse keeper guiding the shipment into port.
- There is a fact still more astounding: the absence of a master mind, of anyone dictating or forcibly directing these countless actions which bring me into being. No trace of such a person can be found. Instead, we find the Invisible Hand at work.
- Since only God can make a tree, I insist that only God could make me. Man can no more direct these millions of know-hows to bring me into being than he can put molecules together to create a tree.
- 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.