Before the iPhone there was I, Pencil

What can a pencil teach us about economics and the free market? A lot, actually. If you’re not familiar with Leonard Read’s 1958 essay I, Pencil, you should be. If you’ve never read it, take a few minutes to follow the link and do so.

After that, take a look at this updated version called I, Smartphone:

The “invisible hand” of the free market has never been more beautifully and simply illustrated. To use this essay as a jumping off point to teach your children about economics and the free market, download the teaching guide here.

If you were going to write your own “I” essay, which product would you choose and why?

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