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The Innovations of Walter and Olive Ann

December 1, 2023
When I was studying economics in graduate school I came across a case study exploring how hundreds of thousands of people across centuries and geography, most of whom never met or knew one another, worked together to create, source, assemble, market, and deliver a pencil held in the hand of an elementary school student. The lesson was that even rudimentary products can represent significant innovations in design and in what we now call “supply chain logistics.”