How God Makes a Pencil

In 1958, Leonard Read published his brilliant essay, “I, Pencil.” The Competitive Enterprise Institute recently released a wonderful video that illustrates Read’s point that the creation of a pencil requires an unfathomable level of complexity and undirected cooperation. Read’s original essay was written from the point of view of the pencil and the humble writing [Read More…]

How Puritans Became Capitalists

In his book, Heavenly Merchandize, Mark Valeri, professor of church history at Union Presbyterian Seminary, finds that the American economy as we know it emerged from a series of important shifts in the views of Puritan ministers: IDEAS: You’re saying that the market didn’t rise at the expense of religion, but was enabled by it? VALERI: You need to [Read More…]