Thursday, February 22, 2007

I, Pencil | The Foundation for Economic Education: The Freeman, Ideas on Liberty

I, Pencil | The Foundation for Economic Education: The Freeman, Ideas on Liberty: "“None of the thousands of persons involved in producing the pencil performed his task because he wanted a pencil. Some among them never saw a pencil and would not know what it is for. Each saw his work as a way to get the goods and services he wanted—goods and services we produced in order to get the pencil we wanted. Every time we go to the store and buy a pencil, we are exchanging a little bit of our services for the infinitesimal amount of services that each of the thousands contributed toward producing the pencil. "