Lessons From a Pencil (Vayeira) In 1958, Leonard Read wrote an utterly charming essay in a magazine about economics. But you’ll have to forgive me - because if this is your first encounter with the essay, you’re going to learn nothing about his perspective on the economy. The reason Leonard Reed’s 1958 essay is so charming - and what I am interested in talking about - is that he wrote it from the perspective of his pencil. It is usually referred to by the title “I, Pencil”. The full title that Read wrote, however, is: “I, Pencil: My Family Tree, As Told to Leonard Read.” You may wonder - writes Pencil - why I should write a genealogy. Well, to begin with, my story is interesting. ... But, sadly, I am taken for granted by those who use me, as if I were a mere incident and without background. Read’s pencil tells his readers: I, Pencil, simple though I appear to be, merit your wonder and awe, a claim I shall attempt to prove. It asks us to consider its consti...