Match this legacy!

Match this legacy!

Today marks the birthday of Leonard E. Read, founder of the Foundation for Economic Education and author of the iconic free-market essay I, Pencil. If anyone sets the standard for leaving a legacy for future generations, it is this man.

When I was a much younger person, working in my father’s mining engineering business, I stumbled across some copies of FEE’s The Freeman magazine that was used as packing material in machinery crates. I was electrified to read the contents about free markets and personal responsibility, and eventually wrote to the president of FEE to seek clarification. He was kind enough to respond to me, and over the years our regular correspondence blossomed into a friendship, and mentorship that lasted until his passing in 1983.* In responding to my first letter Leonard Read opened up my world, and the example he set is the reason that I try to answer every letter or email I receive.

Of course I am not the only person who has been influenced by Leonard Read’s open and persuasive style. Emeritus President of FEE Lawrence W. Reed makes the following observation in his article Leonard Read: the Man:

Though he knew as well as anyone that the stakes were high in the intellectual battle for liberty, his weapons looked nothing like those deployed on physical battlefields. He never aimed to insult a foe, let alone annihilate him. He saw every opponent as a potential ally, never an incorrigible enemy. And if you were already part-way to embracing liberty as a life philosophy, it would never occur to him to berate you until you came the full distance. He was a humble encourager, never a pompous, breast-beating turn-off. He intended to build a movement by building individuals, one at a time. He understood that one accomplishes that far more effectively with honey than with nettles.

Leonard Read appreciated the importance of not making enemies out of opponents due to his own “Road to Damascus” experience. Once upon a time he was an ideological enforcer of Roosevelt’s “New Deal”, however a compelling encounter with an ardent libertarian spokesperson for free markets, low tax and personal freedom caused him to change his thinking. As a result, he took up the flame of liberty with the intensity of a “zealous convert”.

In I, Pencil, Read illustrates that even in the production of a humble pencil, not one person is the holder of all the knowledge and expertise that goes into the production process from beginning to end. In making this point, he reveals the short-comings of centrally planned approaches that claim to hold such knowledge for even more complex production processes than that of a mere pencil. In his own words (as excerpted from I, Pencil):

The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society’s legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand. This faith will be confirmed.

Above all, what is most compelling about Leonard Read’s legacy is his indisputably gentle style. He believed that the ideas spoke for themselves and didn’t beat anyone around the head with them. He avoided propaganda and instead appealed to reason at every opportunity. Instead of taking an adversarial approach he “saw every opponent as a potential ally.”

The result has been his continuing influence through the remarkable work of those who were lucky enough to have been exposed to him.

*I tell this story in greater detail in chapter 11 of my book The Lonely Libertarian.

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Michelle Bibby

Director and Company Owner at Prima Pearls

4 年

Thanks - had not heard of him but will read his book - sounds as if he has a good compass

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Paul Faix

Founder & CEO at Fortix

4 年

Thank you for this post Ron. You supplied me few ideas for books I'm going to read. Love the way you expressed your gratitude to the man who you've admired. Very well put together.

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