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Reason
Reason
Katherine Mangu-Ward

BIZARRE: We have a printing paper problem - You Need To See This

I, Magazine, simple though I appear to be, merit your wonder and awe. I am seemingly so simple, yet not a single person on the face of this Earth knows how to make me.

Fans of the great Leonard Read will recognize (and hopefully forgive) the bastardization of his lovely market parable, "I, Pencil." As Milton Friedman wrote of this brief, powerful essay by the founder of the Foundation for Economic Education: "I know of no other piece of literature that so succinctly, persuasively, and effectively illustrates the meaning of both Adam Smith's invisible hand—the possibility of cooperation without coercion—and Friedrich Hayek's emphasis on the importance of dispersed knowledge and the role of the price system in communicating information."

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