An Economics Lesson from a Talking Pencil (Update)

An Economics Lesson from a Talking Pencil (Update)

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A famous essay argues that “not a single person on the face of this earth” knows how to make a pencil. How true is that? In this 2016 episode, we looked at what pencil-making can teach us about global manufacturing — and the proper role of government in the economy.

SOURCES:Caroline Weaver • , creator of the Locavore Guide. Matt Ridley • , science writer, British viscount and retired member of the House of Lords Tim Harford • , economist, author and columnist for the Financial Times Jim Weissenborn • , former CEO of General Pencil Company Thomas Thwaites • , freelance designer and associate lecturer at Central Saint Martins.

RESOURCES: • " When ideas have sex • ," by Matt Ridley (TED, • 2010). • " How I built a toaster — from scratch • ," by Thomas Thwaites (TED, • 2010). • " Look on this toaster, ye mighty, and despair! • " by Tim Harford (Financial Times, • 2009). • " I, Pencil • ," by Leonard Read (Foundation for Economic Education, • 1958).

EXTRAS: • “ Fault-Finder Is a Minimum-Wage Job • ,” by Freakonomics Radio • (2025).

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