ABSTRACT

In 1958, Leonard Read published his now-famous essay I, Pencil, a first-person description of the inputs and processes needed to make a pencil. In this essay, the pencil makes a bold claim, ‘Not a single person on the face of this earth knows how to make me’ [1], a reference to the specialisation and diversification of supply chains that draw intellectual, financial, human, manufacturing, social and natural capital [2] together to create goods and services.