“I, Pencil” by Leonard E. Read
At the time, a fierce debate was raging about whether centrally planned economies like that of the Soviet Union—in other words, economies where there was a single core responsible for creating and distributing goods and services—worked better than free market economies where planning and production were done by an undirected, decentralized crowd. M
... See moreAndrew McAfee, Erik Brynjolfsson • Machine, Platform, Crowd: Harnessing Our Digital Future
For, if one is aware that these know-hows will naturally, yes, automatically, arrange themselves into creative and productive patterns in response to human necessity and demand— that is, in the absence of governmental or any other coercive master-minding—then one will possess an absolutely essential ingredient for freedom: a faith in free people. F... See more
fee.org • I, Pencil by Leonard E. Read - Foundation for Economic Education
How Social Production Transforms Markets and Freedom. New Haven: Yale University Press, 2006.
Steven Johnson • Where Good Ideas Come From
The very smartphone or laptop you may be using to read this is the result of thousands of minds, all thinking together about what it takes to extract raw materials from the Earth, assemble everything into the singular shape you see now, imbue it with the properties of computational power, and cleverly market the resulting device so your hard-earned... See more
Lawrence Yeo • The Right Side of Thought - More To That
WE USUALLY IMAGINE that invention occurs in a flash, with a eureka moment that leads a lone inventor toward a startling epiphany. In truth, large leaps forward in technology rarely have a precise point of origin. At the start, forces that precede an invention merely begin to align, often imperceptibly, as a group of people and ideas converge, until
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