Tag: I Pencil
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All the Countries That Contribute to a Single Jar of Nutella
Atlantic: All the Countries That Contribute to a Single Jar of Nutella A great map that gives insight into how the global market works. As I read this, the stories of "I, Pencil" and "I, Smartphone," which I've previously blogged about here, illustrate the amazing complexity of market economies and how things are coordinated.
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Saturday Links
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in Asia, China, Current Affairs, Economic Development, Economics, Evolution, Gender and Sex, Immigration, Links – Saturday, Religion, Science, Sports and Entertainment, Technology, Technology (Biotech & Health), Technology (Digital, Telecom, & Internet), Technology (Energy), Technology (Food & Water), Technology (Manufacturing & Construction)), Technology (Transportation & Distribution), Wealth and Income, Weatlh and Income Distribution1. The United States had its financial bubble. Europe is having one too. Is China next? If it is, it could reshape the global economy and radically reshape the Chinese government. Here is an interesting piece about China’s real estate bubble. 2. Robert Tracinski thinks we are in the midst of a Third Industrial Revolution.…
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I, Pencil – The Movie
More than fifty years ago, Leonard Read wrote his famous essay, I, Pencil: My Family Tree as told to Leonard E. Read." It has been used in economics classes ever since to help students understand the incredible complexity of market economies. The free market think tank, The Competitive Enterprise Institute, has made a six-minute video…
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I, Smartphone (“I, Pencil” updated and in video)
One of the first essays I ever read about economics in college was Leonard Read's I, Pencil, written in the year before I was born. While a little outdated in some ways, it still does a wonderful job illustrating the market process's wonder and complexity. The Institute for Faith Work and Economics has just released…
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How I built a toaster — from scratch
More than 50 years ago, Leonard Reed wrote his classic essay, I, Pencil, which illustrates the amazing complexity of producing even the simplest artifacts of daily life. So complex is the process that no one person knows how to go from raw materials to a pencil. But by thousands of people specializing in various tasks…
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What’s in a Typical Laptop Computer?
I recently wrote a post at Jesus Creed highlighting the complexity of creating a no. 2 pencil. Here is a map that shows the origin of materials that go into a laptop computer made in Shanghai: Typical Laptop Computer (HT: Chad Herring)
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Pencils And Politics
Newsweek: Pencils And Politics George Will Who commands the millions of people involved in making a pencil? Who is in charge? Where is the pencil czar? Improbable as it might seem, perhaps the most important fact for a voter or politician to know is: No one can make a pencil. That truth is the essence…