Thursday, November 7, 2013

I, Pencil

That's the name for one of most famous educational explanations in economic history, given to us by OLS hero Leonard Read.  I've read it, my students read it, and in this great video below, the great Milton Friedman pays homage to it:



If you're unfamiliar with I, Pencil, then you need to become familiar.  And no one better, ever, than Milton Friedman to help you along!  [ht: Don Boudreaux]