Describe It! -Pencil

please explain. - Pencils describe pencils: I will convey six details about pencils. It is used with the EET program. According to tiffinslp of LessonPix.com

In his 1958 article, in the pencil, Leonard E. Reed celebrated the free market miracle by explaining the pencil genealogy from the forest to the classroom. He thinks that even a striking piece like a pencil can not obtain and assemble the set of materials necessary to create it. On the contrary, like a miracle, the free market price mechanism leads a complex building process by introducing buyers to sellers, making the pencils a reality. In 1980, the Nobel Laureate Economist, Milton Friedman, published an article in his book and TV program "Choose freely".

Leonard Read wrote a famous book called "I" (pencil). This is explained from a pencil point of view and explains how it needs to work in concert. It cuts trees to get trees, gets graphites and demands that people gather to collect them. Nobody can do this on their own. We must work together to create technology. It was a while since he tried to make a toaster from the beginning. When I started from the beginning, I tried to start from the beginning. He wants to dig his own metal. He wants to make steel. He makes plastics, connects them all, and is about to do it on their own. This is a very interesting process. It has not really succeeded. In other words, if you completely burn out after inserting the plug, it will work for 1 to 2 seconds, but it is very expensive.

Milton Friedman explains "I am a pencil" in the story and can not make a pencil alone. Every component of the pencil comes from all over the world. He explained that timber might come from Washington state. They used steel saws to cut wood. The billet is made of iron ore. Graphite in the center of the pencil may come from a South American mine. The point he was trying to express was that such a simple thing, pencils fell in your hands, so it took thousands of hours of labor. People with different backgrounds, possibly engaged in different religions, potentially hating each other. They did not come together because of their kindness. They are gathered through the free market and consumers can buy that pencil at a negligible price.