Production Theory

First published in the December 1958 issue of The Freeman, "I, Pencil: My Family Tree as Told to Leonard E. Read" is written from the point of view of an Eberhard Faber pencil.

Carried through consistently, the right of property would entitle the proprietor to all the advantages that the good’s employment may generat

There is no such thing as interests independent of ideas, preceding them temporally and logically.

It is good luck for the laborer if market conditions are such that a kind of work he is able to perform is lavishly remunerated; it is chance, not

Labor is a factor of production. The price the seller of labor can obtain on the market depends on the data of the market.

Recorded at FreedomFest, 10 July 2010. Includes an introduction by Douglas E. French.

Indeed, deplorable conditions existed, but one must not blame the factory owners, who did all they could to eradicate them.

How a free market in law enforcement and military defense could work. Recorded at Mises University 2010.

Is consumer product regulation necessary or does the free market have superior alternatives?

The truth is that capitalism has poured a horn of plenty upon the masses of wage earners, who frequently did all they could to sabotage the adoptio