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✏ I, Pencil - Leonard E. Read | Animated version of great essay 

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I, Pencil - animated version of great essay by Leonard E. Read.
Leonard E. Read (1898-1983) was the founder of FEE, and the author of 29 works, including the classic parable “I, Pencil.”
Learn Austrian Economics in a fun way!
Source: fee.org/resources/i-pencil/
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Econ Clips is an economic blog. Our objetive is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, money, investing, monetary systems, financial markets, financial institutions, cental banks and so on. With us You can learn how to acquire wealth and make good financial decisions. How to be better at managing your personal finance. How to avoid a Ponzi Scheme and other financial frauds or fall into a credit trap. If You want to know how the economy really works, how to understand and protect yourself from inflation or economic collapse - join us on econclips.com. Learn Austrian Economics in a fun way!

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24 июл 2024

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Комментарии : 178   
@lindajackson500
@lindajackson500 4 года назад
I, Pencil This is the most interesting fantastic story, who knew? A pencil employs so many. Children should see this delightful story.
@cravinbob
@cravinbob 4 года назад
and adults too, I hope. It is the story of the economy and a free market. Government intrusion, regulation and minimum wages ruin a free market and the people.
@thefoundationagent61
@thefoundationagent61 2 года назад
An essay that truly belongs in a textbook.
@mrsmeeaudrey3294
@mrsmeeaudrey3294 4 года назад
Until recently, I had only read this story...was and still is one of my favorites. Then, I saw this video and it breathed even more Life into this True story. I have since watched other versions...YOURS IS BY FAR THE BEST! THANK YOU👍❤
@EconClips
@EconClips 4 года назад
Thank you, it's very kind:)
@ifadamhadcorrectedeve4003
@ifadamhadcorrectedeve4003 4 года назад
Thanks for bringing me here Levin!! I shall share this!!!
@thefordforce7495
@thefordforce7495 2 года назад
This is excellent! Great job bringing to life this splendid essay by Leonard Read!
@EconClips
@EconClips 2 года назад
Thank you :)
@marunio435
@marunio435 2 года назад
Finally someone has made a video about THAT pencil. You're the best.
@EconClips
@EconClips 2 года назад
Thanks Marunio!
@koparkajeden3795
@koparkajeden3795 5 лет назад
Great video, more people need to see this.
@rolesk8
@rolesk8 5 лет назад
great video as always econclips!!! keep the hard work!!!! greetings from mexico
@EconClips
@EconClips 5 лет назад
Thank you!
@swanscross
@swanscross 4 года назад
Mark Levin brought me here Very Interesting!
@joolz5747
@joolz5747 Год назад
Awesome! Spread it around!
@dougheaton6
@dougheaton6 4 года назад
This is the magic of the free market system. It is the genius of the product of human incentive to provide services that other people need in exchange for what they themselves want. Only the free market system can do this.
@thomaskirby6706
@thomaskirby6706 3 месяца назад
I’ll never look at a pencil the same way again. Great read; makes you think.
@RusticPickle24
@RusticPickle24 5 лет назад
Fanstastic! The video was awsome.
@kylemossi
@kylemossi 4 года назад
Now consider the same thought for an MRI machine. It's almost beyond comprehension.
@ludwigvanel9192
@ludwigvanel9192 4 года назад
Ian Plimer expanded on Leonard Reid's essay in his timely (or is it a bit too late?) book Not for greens in which he traces the making of a steel spoon, with the resources needed
@iironhide6209
@iironhide6209 3 года назад
Steven Michael Davis brought me here. He has been bringing me to the Libertarian Side of Economics and Politics nowadays.
@someperson9999
@someperson9999 2 года назад
This is a great explanation as to why socialism is a naive philosophy. Collective control of the means of production would only lead to nothing actually getting done in an efficient manner.
@followingtheroe1952
@followingtheroe1952 5 лет назад
This only produces the kind of pencil that presents itself as such with those particular ingredients, you can improvize and make more rustic/simplistic metaphors of their more complicated counterparts.
@adambaum5824
@adambaum5824 4 года назад
You are correct. However, the point of the essay is to give the reader/listener an idea of the intricacies of the interconnectedness of everything.
@georgiishmakov9588
@georgiishmakov9588 2 года назад
oh most certainly, in fact places like the USSR which tried to centrally plan things did it like so - their pencils were much worse than the ones in the West, but they existed nonetheless. However, they too depended upon trade with the outside world. No Soviet central planner thought of the world market as something to direct, they took it and the free exchange happening on it for granted. Moreover, not even the Soviet Union could completely dispense with the notion of markets. Even their centrally planned factories still bought and sold things, and used money, and prices, which they set by the example of the foreign free market economies, in order to do a lot of the work of guiding the production. For all that monumental effort, they got a shittier pencil, and a doomed economy to boot.
@mattmcclellan7781
@mattmcclellan7781 2 года назад
Probably true, but how many and at what cost? With what reliability and quality?
@MarkCartret
@MarkCartret 4 года назад
Every person, each trade and craft, every dad at work or mom at her office is essential, from the welder to the banker, the doctor to the busboy. We each play a part and a significant role in this world.
@ziglaus
@ziglaus 2 года назад
no. there are bullshit jobs. useless jobs. jobs that didn't need to exist.
@sandranewell7862
@sandranewell7862 2 года назад
This was fantastic and very pertinent to life.
@SparkWorksnDesigns
@SparkWorksnDesigns 2 года назад
One of the best things I've ever watched!
@EconClips
@EconClips 2 года назад
Thank you :)
@deborahstollman6238
@deborahstollman6238 4 года назад
Wow! I learned so much from I pencil. To me, this is amazing!! Students should watch this in schools 🙏🏻
@ThorneJr
@ThorneJr 4 года назад
i came here from Mark Levin. This is awesome for my 7 year old niece. all kids should see this
@mmtur1
@mmtur1 Год назад
@@ThorneJr We watched that at my school
@stevenmustain4270
@stevenmustain4270 4 года назад
Mark Levin brought me here
@kalalau1
@kalalau1 4 года назад
Me too
@pure_shenanigan
@pure_shenanigan 4 года назад
🤣🤣 me too
@nosredna2
@nosredna2 4 года назад
Me, too.
@TheAet3co
@TheAet3co 4 года назад
Same here. Lol
@IgorDeCamps
@IgorDeCamps 4 года назад
Me as well
@niijigod3864
@niijigod3864 5 лет назад
Thank you!
@billpendarvis1163
@billpendarvis1163 4 года назад
Mark Levin brought me here too. Blows your mind!
@JChannel_
@JChannel_ 4 года назад
Independence in the hands of man yields wonders! I wish Mark Levin hadn't been the reason I'm here. I should've learned things like this in school.
@WG-tt6hk
@WG-tt6hk 3 года назад
Schools stopped being institutions of "learning" along time ago.
5 лет назад
Classic!
@christophersoren1768
@christophersoren1768 4 года назад
No such thing as a non-essential job.
@SouthernHerdsman
@SouthernHerdsman 4 года назад
It's seasonal.
@jobob47
@jobob47 4 года назад
if you are funded, you are essential. not essential, no one will pay for your services.
@mineknad278
@mineknad278 3 года назад
What about Social media Influencers?
@BrotherCreamy
@BrotherCreamy 3 года назад
@@mineknad278 Best argument against capitalism. I don’t want to live in a world with social media influencers.
@estrogen_intolerant
@estrogen_intolerant 3 года назад
@@mineknad278 that’s a job?
@ArticulatedHypernova
@ArticulatedHypernova 2 года назад
Perhaps it hasn't been mentioned yet, but you could even mention the time and energy, the countless hours of thought, of trial and error, and investment... the thousands/millions of man hours that went into the development of all the tools, and processes, and understandings that were required... "just" to make a pencil.
@jitendraitankar
@jitendraitankar 3 года назад
TRULY IMPRESSIVE
@rowanvolvo5454
@rowanvolvo5454 2 года назад
As an example of laissez faire oligarch propaganda, it's astounding.
@fardinraiyan7807
@fardinraiyan7807 4 года назад
Who else is here from MQ ECON1020?
@chadmichalkow5262
@chadmichalkow5262 4 года назад
Great video! Thanks to Mike Maloney for bringing me here
@criticalplanter622
@criticalplanter622 4 года назад
Mark Levin brought me here. Thank you Mark
@Team_schoenhardt
@Team_schoenhardt 2 года назад
I like the comparison of the "invisible hand" to the devine nature of a tree. I was a born and raised atheist... but today this comparison makes a lot of sense to me.
@mattmcclellan7781
@mattmcclellan7781 2 года назад
Read's strength is in the optimistic and inspirational character of his essays. He stresses human potential, vitality and creativity, making him a good choice for introducing libertarian ideas to non-libertarians.
@electrostaticat
@electrostaticat 4 года назад
I watched Mike Maloney video yesterday in which he recomend reading the I Pencil essy, so I searched on duck duck go and read it. The next day YT has the video in my recommedations. So is theYT algo recommending it based on the content in the Mike Maloney video, or were my search results being tracked by Google via duck duck go?
@justinl2462
@justinl2462 4 года назад
Your web browser could be tracking you or third party cookies from a website could be tracking you. You could use a privacy-based web browser like epic if tracking bugs you.
@electrostaticat
@electrostaticat 4 года назад
@@justinl2462 Thanks.
@jorden9821
@jorden9821 2 года назад
Not only is this not planned, it cannot be planned
@riffhurricane
@riffhurricane 2 года назад
I don't worship at the altar of the 'invisible hand', but this essay is a wonderful description of the spider's web of production & industry that goes in to everything around us. As I write in the UK 'Christmas is threatened' headlines are everywhere on account of uncertainty whether the food for the festival will be around or not. The reason: High Nitrogen prices. Fertilizer companies can't buy so much & have slowed production as a result. Carbon Dioxide (CO2) is a by product of fertilizer production. Because the fertilizer production slowed there's now not enough CO2 being made. Because of that pigs can't be slaughtered, food shelf life is crashing as the gas is used to preserve packaged food, alcoholic beverages can't be carbonated (if that continues expect revolution in the UK), mobile disco's are putting their rates up - the list goes on.
@jaynawilliams6060
@jaynawilliams6060 4 года назад
Awesome
@vickyadagasafa2970
@vickyadagasafa2970 4 года назад
Me encanta
@BorreLira
@BorreLira 4 года назад
Why we all gaze in wonder with these kind of videos and say we love liberty but once we are at the ballot box we vote for government control? ¿Porqué todos nos asombramos con este tipo de eneseñanzas y decimos que amamos la libertad, pero una vez que estamos en las urnas votamos por gobiernos controladores?
@69elchupacabra69
@69elchupacabra69 3 года назад
It's not an appeal to anarchy idiot
@isaacmcpeek9636
@isaacmcpeek9636 4 года назад
Propertainism is the best way to accomplish the above task stated in I Pencil. It is an extention of natural common law.
@DracDastardly
@DracDastardly Год назад
I recently read "The Communist Manifesto" purely because I wanted to better understand my intellectual opponents. By listening to this, I feel I've regained the brain cells I lost.
@shivamsoni9132
@shivamsoni9132 5 лет назад
Your video's Are ♥️
@EconClips
@EconClips 5 лет назад
Thank you :)
@ThienTran-dk3sc
@ThienTran-dk3sc 4 года назад
I do not understand clearly. Could you guys help me a little bit?
@SouthernersSax
@SouthernersSax 2 года назад
This video essay breaks down every single step in the production of the common pencil, and the point of doing this is that the production requires the collaborative effort of countless peoples, not one of whom could perform every last step involved in this vast process. Furthermore, no single centralized entity was coordinating all the efforts of those involved. Couple this with the knowledge that there are countless additional things produced that have even more ingredients and components involved in their creation (and thus a more extensive history than that of the pencil), and you might realize that any effort to implement central planning of industry is doomed to fail.
@popthings3903
@popthings3903 4 года назад
My grandpa sent me here
@josiay6743
@josiay6743 4 года назад
kewl
@TheRadioAteMyTV
@TheRadioAteMyTV 4 года назад
What can I say, the Milton Friedman summation was better than the original, but it needed the original to make it happen so like the pencil, the story of the pencil needed several to make it work too. Ha!
@colt1903
@colt1903 4 года назад
Pencilception?
@karenness5588
@karenness5588 4 года назад
And people think they can't keep themselves healthy in the same way. They think they need government to keep them healthy. Sad.
@curbyweaver4606
@curbyweaver4606 4 года назад
On exhibit here is the mindset of the industrious working in concert to produce wealth. By contrast is the mindset of those who would work in concert to destroy the industrious and plunder their wealth.
@jerrydagna2584
@jerrydagna2584 5 лет назад
CAPITALISM IS FREEDOM AND LIBERTY! NO GOVERNMENT IS REQUIRED...JUST HUMAN NATURE DOING IT'S PART IN AN AMAZING SYSTEM!
@bzz3624
@bzz3624 5 лет назад
no justice system to determine private property rights?
@cravinbob
@cravinbob 4 года назад
The justice system is The People. Or was. A prosecutor is supposed to see that justice is served and not how many convictions they can rack up. Freedom and liberty are for Independent citizens who do not interfere with the Rights and Freedoms of others so a justice system is not needed but we were given free will and sociopaths. If you take from another that which is not yours then others will take from you until everyone is doing it, which they think makes it okay. Tell a truth to a liar and he will think you are lying because he is a liar so he believes everybody is. That makes communicating with others pointless and isolates everyone.
@bzz3624
@bzz3624 4 года назад
@Albert D Are you also calling for the defunding of the US military, China ( other power ) would just sweep in and take the country, or do you have some way of countering this threat?
@tetracor
@tetracor 11 месяцев назад
Liberty yields vitality.
@christseen
@christseen 5 лет назад
@5:15 it is stated ingredients are cooked to 1,800&50 degrees. How much is &?
@SouthernersSax
@SouthernersSax 2 года назад
He was saying 1,850, as in "one thousand eight hundred and fifty"
@thewildwilsonshow
@thewildwilsonshow Год назад
I got here after listening to 'The Victory Hour' with Andrew Parker today as I wanted to see if I could find more in what he was sharing today as he shared much of the meanings of the essay. Truly one thing that I knew was true back a few years ago during the lefts big lock down like in the state of MN for example that only certain people were essential - knew it was BS then and certainly after the essay it is even truer. God bless you!
@mattinchley8561
@mattinchley8561 4 года назад
Thanks to the 1 & only Mike Maloney, I have come.
@qiubright
@qiubright 3 года назад
nice
@cathyvanatta
@cathyvanatta 4 года назад
Richard Corwin brought me here. Thanks
@hughmungus6838
@hughmungus6838 4 года назад
Shocked youtube hasnt banned this yet
@PrimalMiltos
@PrimalMiltos 4 года назад
The one and only Mike Maloney brought me here.
@Ranxerox1911A1
@Ranxerox1911A1 2 года назад
Commies are having pencil nightmares…..
@tocarules
@tocarules Год назад
The material to erase your errors is called....factice?
@sadlanod
@sadlanod 4 года назад
Maloney brought me here
@Siriuss96
@Siriuss96 4 года назад
Jed Mckenna bought me here.
@SneakyPete-bk2zg
@SneakyPete-bk2zg 4 года назад
How much would a government pencil cost if they managed to build one?
@thelibertyprojects.4747
@thelibertyprojects.4747 3 года назад
100 million human lives.
@scotter7663
@scotter7663 4 года назад
Anybody else find it ironic that this short 13 minute video about economics is annoyingly interrupted by ads like 15 times
@EconClips
@EconClips 4 года назад
Sorry about that. We've significantly reduced amount of ads today.
@arifahmed4192
@arifahmed4192 3 года назад
Byron Reese, Author of The Fourth Age, brought me here.
@MNhmolyneaux
@MNhmolyneaux 3 года назад
Any suggestions about how to edit video? I cannot post any material that includes "God" in our public school. I would like to replace it with "nature." Not trying to offend anyone, just trying to keep my job. Thanks in advance!
@IslandForestPlains
@IslandForestPlains 5 лет назад
Interesting. The wonder of pencil creation is a good story, but its conclusion is spurious. What about mail delivery to and from remote rural communities and single farms? Isn't there some value in connectivity and coherence? Don't people leave the countryside for want of connections to the outside world? Is that really what we want? Unfettered markets may be good at creating all sorts of stuff which people are willing to pay for, but they come with serious problems as regards their distribution; and things that may be useful but which no one special is ready or able to pay for remain undone.
@grantl1569
@grantl1569 5 лет назад
And thus your misunderstanding is on full display...
@TerryLangTechnicalConsulting
@TerryLangTechnicalConsulting 5 лет назад
@@grantl1569 At least he/she is giving it thought. The failure of socialism will be most eagerly voted in by blank minds that see cash incentive for their ballot.
@TerryLangTechnicalConsulting
@TerryLangTechnicalConsulting 5 лет назад
If you would like, see my comment above. I was going to copy paste but that might be against a spamming regulation.
@crusaderanimation6967
@crusaderanimation6967 3 года назад
Money hated by many kinds of Marksist is able unify people more than they were able to.
@trophein
@trophein 4 года назад
thanks to Mike Maloney.....
@uninsurable9028
@uninsurable9028 4 года назад
Mike Maloney brought me here.
@thinkngskeptic
@thinkngskeptic 2 года назад
Also a great example of anarchy
@davidstinnett3889
@davidstinnett3889 2 года назад
When we mortals can understand the divine wisdom of living and working in God's plan of community, each providing our individual skill sets to the "soup bowl", we will all eat and live more lavishly. We continue to demand dining at the government "banquet table" at our own peril!
@Sublimestp
@Sublimestp 3 года назад
Milton Friedman brought me here.
@k1thepimp
@k1thepimp 3 года назад
Ignore this comment 1. 1:27 2. 2:17 3. 2:45, 7:07 4. 7:27 5. 8:30 6. 8:42 7. 9:45 8. 10:53 9. 11:42 10. 12:45
@yoshiko-chan4297
@yoshiko-chan4297 4 года назад
I am a pencil.
@arthurrubiera8750
@arthurrubiera8750 3 года назад
Henry David Thoreau made pencils so people can make pencils
@GypsyPriest
@GypsyPriest 4 года назад
In Spanish?
@alexleibovici4834
@alexleibovici4834 3 года назад
An essential fact is missing: the role of the entrepreneur - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6bCHiosNqOs.html (Yaron Brook)
@heidihilderbrandfree438
@heidihilderbrandfree438 3 года назад
Tuttle Twins and the Miraculous Pencil
@bruehahaha
@bruehahaha 4 года назад
....I, Joe Blairicus....
@SouthernersSax
@SouthernersSax 2 года назад
For those of you that have found their way here who may be of a Communistic persuasion, you might scoff at the prospect of including the cup of coffee in the creation of the pencil. What you need to realize is that you can't do anything other than include said cup of coffee, as your professed philosophy is an all-encompassing one. As such, realize that in order to arrive at the glorious proletarian utopia you seek, you will have to not only coordinate the efforts of this, but the efforts of the producers of the many millions of other products from all around the globe, many of which have more extensive genealogies than that of the humble pencil. Good luck squaring that particular circle.
@islandaerial3414
@islandaerial3414 4 года назад
Mike Maloney sent me...
@ab1577
@ab1577 5 лет назад
Milton Friedman
@chriselias1521
@chriselias1521 5 лет назад
Eden Barel Friedman got it from Adam Smith.
@ab1577
@ab1577 5 лет назад
@@chriselias1521 :)
@djames693
@djames693 4 года назад
We are all interconnected. Nothing or no one stands alone. .... We are ONE.
@alexleibovici4834
@alexleibovici4834 3 года назад
Yes, we are interconnected, we cooperate, but we are NOT one.
@bradchristy8429
@bradchristy8429 3 года назад
@@alexleibovici4834 Self interested cooperation and rational selfishness. It’s a thing.
@abyronworld2758
@abyronworld2758 5 лет назад
How about a pen?
@scottm4254
@scottm4254 5 лет назад
Humbling perspective of the creation of a seemingly simply tool, and invaluable message that the leftists do not want you to see
@ArtRoomProductions
@ArtRoomProductions 4 года назад
It's not that they don't want you to see. It's just that they're too ignorant to know.
@confidentialidentity6885
@confidentialidentity6885 4 года назад
Why wouldn’t they want you to see it
@obviouslykaleb7998
@obviouslykaleb7998 4 года назад
Confidential Identity Because simply, capitalism bad. This is the left’s economic platform.
@paviothello8297
@paviothello8297 3 года назад
India's newspaper "the hindu" brought me here
@devonashwa7977
@devonashwa7977 Год назад
Ok... thereal question is what can you do with a pencil, some write stupid books and say stupid things in them. What if someone wrote something that changed the world for the worse? And made people more dumb?
@anhoangvan9408
@anhoangvan9408 3 года назад
milton friedman brought me here
@alihamid7592
@alihamid7592 2 года назад
gang
@austinspeedy11
@austinspeedy11 4 года назад
Ben Shapiro brought me here.
@rajarajanmanoharan
@rajarajanmanoharan 4 года назад
Same!
@johnwage
@johnwage 4 года назад
Same!!
@johanbarua7279
@johanbarua7279 4 года назад
Mark Levin here...
@user-hj2kq2vl6y
@user-hj2kq2vl6y 5 лет назад
Libertarianism rocks!
@emicanozdemir5429
@emicanozdemir5429 4 года назад
Ben buraya nasıl geldim amk
@DarkMatter2525
@DarkMatter2525 4 года назад
Pretty good until it went off the rails confusing supply and demand with a literal miracle from God.
@earnestblofeld7905
@earnestblofeld7905 4 года назад
That's where I liked it best.
@gigiis526
@gigiis526 4 года назад
Everything originates with Gods creation.
@Ludak021
@Ludak021 4 года назад
Donald Trump nonessential workers brought me here.
@generalangst1612
@generalangst1612 3 года назад
Incredible stuff on practical understanding of global economics, but lost me at faith in the invisible hand of the market. Not super easy to draw the conclusion that individual creativity is stifled by regulation from this. The market doesn't really care about the individual, or their creativity. Regardless of their role in the market. The market only cares about what the people in the market care about, and that's usually themselves. Because people are imperfect.
@rowanvolvo5454
@rowanvolvo5454 2 года назад
Just like pencil manufacturers only deal with the final step of assembly, the Post Office only deals with collection, sorting, delivery and SECURITY. Until DeJoy hit the scene I had no idea how much one guy could fmess up the whole thing.
@bzz3624
@bzz3624 5 лет назад
The security of all theses resources and inputs used law enforcement and justice system within the USA.
@WeldonSirloin
@WeldonSirloin 4 года назад
"Merely organize society to act in harmony with this lesson." Pretty good essay until it went into this hopeful cutesy shit. But hey, let people believe in these infallible individuals.
@charlesbarnes6124
@charlesbarnes6124 7 месяцев назад
The tone Def utube algorithm, gave me 3 or more government handout adds. Lol, my humor is dry, but talk about nuts. A story about how government can't fix things, so I should take handouts that will cause super inflation from a socialist administration trying to buy voters. .
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We Need to Rethink Exercise - The Workout Paradox
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