# Leonard Read
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Leonard Edward Read (September 26, 1898 – May 14, 1983) was the founder of the Foundation for Economic Education (FEE), one of the first modern libertarian institutions in the United States. He wrote 29 books and numerous essays, including the well-known "I, Pencil" (1958).
== Business career ==
After a stint in the United States Army Air Service during World War I, Read started a grocery wholesale business in Ann Arbor, Michigan, which was initially successful but eventually went out of business.
Episode 7: I, Pencil: The Hidden Complexity of Simple Things
That yellow pencil on your desk looks simple enough - just wood, graphite, metal, and rubber. But economist Leonard Read's famous 1958 essay "I, Pencil" revealed a startling truth: no single person on Earth actually knows how to make one from scratch.
Tonight, we explore Read's influential essay ab…
I, Smartphone: The Power of the Free Market with Lawrence W. Reed
In this episode Jonathan Fortier talks with Lawrence Reed about his essay, "I, Smartphone", which revisits the themes of Leonard Read's famous essay, "I, Pencil" for contemporary audiences. Their conversation explores the incredible complexity and power of free markets and the foundational principl…
Episode 60 - Austrian Economics, Part I
Episode Overview
In this episode, Michael Duryea argues that Austrian Economics is not merely an academic subject, but the "tragically neglected" key to understanding how the financial world actually works. He explores why Nelson Nash, the creator of the Infinite Banking Concept, viewed Austrian Ec…
Episode 151 – NotBadatMagic
Show Notes
The hosts do a quick review of the new MCU film Thunderbolts*, give a passing mention to The Accountant 2, and do a full-scale historic perspective on “The Most Destructive Cyberattack in History”: NotPetya (2017), when the Russians’ cyber war against Ukraine broke out of its intended…
Episode 123 – The Cat’s Cat
Show Notes
Josh and Ben’s teams have a showdown in the UFL (Showboats vs. Battlehawks), they try to instill culture and an appreciation for the arts in their children (to varying degrees of success), and they take a hard look at our relationship with animals–especially the ones we call “pets”.
…
Two Years. Zero Paycheck. The One Weekend That Changed It All with Parker McCumber
Ep 58: He had until Friday to decide. Go back to the army and the six figure stability, or keep betting on a business that had paid him nothing in two years. So he walked into his commander's office and begged for one more weekend.
Parker McCumber is an army trained rocket scientist turned entrepr…
Why trade flows are so enduring and hard to stop
Donald Trump’s tariffs and Chinese rare earths have scrambled global commerce. Yet as Ed Conway describes in ‘Trade World’, rulers have wielded chokepoints for centuries, with mixed results. In this episode of The Big View, he tells Peter Thal Larsen that advantages rarely last.
Ed Conway: “Trad…
Socialist Calculation Debate Explained: Menger, Mises, Hayek and "I, Pencil" in 2026
Self-Evident: The Road to 1776 — Episode 13B
Nobody Knows How to Make a Pencil. So What Is a Price Actually Telling You?
In December 1958, Leonard Read published an essay in the voice of a pencil, and its claim still holds. Not one person in the pencil’s global supply chain knows how to make one,…
Episode 86 – A Thanksgiving Potpourri
Show Notes
Ben and Josh discuss nuclear power, the 2022 FIFA World Cup, social cooperation apps, transitioning out of the military, the Harvard Classics, Josh’s ongoing saga to become a Certified Public Accountant, and how Elon Musk tried to kill Ben’s sister with his corporate greed. And pie.
…
An Economics Lesson from a Talking Pencil (Update)
A famous essay argues that “not a single person on the face of this earth” knows how to make a pencil. How true is that? In this 2016 episode, we looked at what pencil-making can teach us about global manufacturing — and the proper role of government in the economy.
SOURCES:
Caroline Weaver, cre…
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