Tag: competition

Some Thoughts on Human Achievement Hour

Some thoughts on marking 2014’s Human Achievement Hour (HAH). HAH was first suggested by my good friend Fred Smith of the Competitive Enterprise Institute as an annual celebration of the inventions and innovations that have enabled ever increasing numbers of people to live in better and better living standards. Those...

Reading “I, Pencil” … at the Pencil Museum!

Leonard E. Read’s 1958 classic essay, I, Pencil, is a must read for anyone interested in how markets function. In a few pages, I, Pencil: My Family Tree as Told to Leonard E. Read (to give it it’s full title) demonstrates the truth of what appears to be an absolutely absurd...