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Mid-Semester & Easter Break

Hello Everyone,

I hope you are enjoying your break from classes, and for those of you in the real world I’m sure you’re looking forward to the Easter break.

Thank-you to Sean Kimpton from AUT, for giving us an insightful lecture on the price system last week.

For those who missed earlier mention of it, there is a great little book called I, Pencil, by Leonard Read, of which Milton Friedman said… “I, Pencil, has become a classic, and deservedly so. 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 that will make the individuals do the desirable things without anyone having to tell them what to do.”

I, Pencil ties in with much of what we have covered so far, in the weekly seminars.  It is published by the Foundation for Economic Education, which Leonard Reed started in 1946. You can read, or listen to, it online by following this link: I, Pencil

We’ll be back to weekly seminars on the 26th of April. Look forward to seeing you all again then.

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